Synopsis:
HPL Electric & Power Limited has revised its smart meter Work Order from Energy Efficiency Services Limited, increasing the order value from Rs. 65.72 crore to Rs. 92 crore, while keeping all original terms and conditions unchanged.
The Company has a significant presence across key product verticals of electric equipment, such as metering solutions, modular switches, switchgears, LED lighting, and wires is now in the spotlight after the work order from energy efficiency services has been revised.
With market capitalization of Rs. 2,861 cr, the shares of HPL Electric & Power Limited are closed at Rs. 444.60 per share, from its previous close of Rs. 453.95 per share.
Amendment in Work Order
HPL Electric & Power Limited has announced a significant update regarding its business order from Energy Efficiency Services Limited (EESL), a regular and leading customer. Initially, the company had received a Work Order/Notification of Award (NOA) valued at Rs. 65.72 crore (inclusive of taxes) for the supply of smart meters, as communicated on September 25, 2025. The company has now informed the exchanges that this Work Order has been amended and increased to Rs. 92.00 crore (inclusive of taxes).
This amendment reflects an expansion in the scope or volume of smart meters to be supplied under the same order. Importantly, all terms and conditions of the original Purchase Order/NOA dated September 24, 2025, remain unchanged, meaning the contractual obligations, timelines, and other specifications stay consistent with the initial agreement.
This increase in the order value represents a substantial boost in revenue potential for HPL Electric & Power Limited, highlighting strong demand from government and utility clients for smart metering solutions and the company’s capability to secure larger contracts.
About the company
HPL Electric & Power Limited is a leading Indian company specializing in electrical equipment, smart meters, and power distribution solutions. With a strong presence in domestic and international markets, HPL provides innovative, reliable, and energy-efficient products to utilities, industries, and infrastructure projects, supporting sustainable and modern power management.
The company’s sales declined by 22.31%, dropping from Rs. 493 crore in Q4 FY25 to Rs. 383 crore in Q1 FY26. During the same period, operating profit fell from Rs. 82 crore to Rs. 58 crore, while net profit decreased from Rs. 37 crore to Rs. 18 crore.
Written by Manideep Appana
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