Rs 3,000+ crore order book: Smart meter manufacturing receives an order worth Rs 92 crore
DSIJ Intelligence-1 / 10 Oct 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 500 per cent in just 3 years and a whopping 1,375 per cent in 5 years.
HPL Electric & Power Limited announced that a previously received work order from its regular and leading customer, Energy Efficiency Services Limited (EESL), has been significantly amended, increasing its value from the existing Rs 65.72 crore (inclusive of Tax) to Rs 92 crore (inclusive of tax). This enhanced contract, which is in the normal course of business, is for the supply of smart meters, and all other terms and conditions of the original Notification of Award dated September 24, 2025, remain unchanged, thereby further solidifying HPL's presence in the smart metering market.
About the Company
HPL Electric & Power Limited is a prominent Indian electric equipment manufacturer, offering a diverse range of products including metering solutions, switchgear, lighting, and wires & cables. The company has historically led India's electricity energy meter market and held the fifth-largest market share for LED lamps (Frost & Sullivan Report, Feb 2016). Supported by extensive manufacturing and a pan-India sales network, HPL sells its products under its established "HPL" brand, registered since 1975.
The company has a market cap of over Rs 2,800 crore. The company’s Order Book exceeds Rs 3,000+ crore as of August 11, 2025. The stock gave multibagger returns of 500 per cent in just 3 years and a whopping 1,375 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.