HPL Electric & Power: Order book crosses Rs.2,000 crore

 

The outstanding order book of HPL Electric & Power Ltd (HPL) has crossed Rs.2,000 crore.

According to an investor presentation filed by the company on stock exchanges, the outstanding order book of HPL Electric & Power Ltd crossed Rs.2,000 crore, as of November 6, 2023.

This overall strong order book of Rs.2,000-plus crore ensures revenue visibility for the short and medium term, the presentation noted.

The company’s “Metering & Systems” line of business accounted for 85 per cent of the total order book with “Consumer & Industrial” representing the remaining 15 per cent. Further, smart meters accounted for 85 per cent of the order book of the “Metering & Systems” business.

The presentation also observed that the enquiry base for metering tenders was at a healthy level as tenders amounting to over Rs.10,000 crore have been floated or are expected to be floated in the near future.

“The company has positioned itself very well in the smart meter market and is receiving good traction from customers,” the presentation noted.

HPL Electric, with an installed capacity of 1.1 crore meters per year, commands a market share of around 20 per cent in the domestic meters market, the company said. Its product portfolio includes conventional meters as well as smart meters (including prepaid meters, and those driven by communication software).

The presentation also noted that HPL meters have embedded software to enable automation, data collection, and customization equipped with ‘RF Mesh’ technology communication infrastructure by Wirepas.

Also read: HPL Electric Forges Partnership With Wirepas For RF Mesh Technology

Featured photograph shows HPL Electric’s Jabli manufacturing facility in Himachal Pradesh, catering to switchgear, electronic meters and parts of lighting equipment.