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Press Release | December 2016

HPL Electric and Power Ltd announces order book pipeline of Rs.365 cr

Electric equipment manufacturing company, HPL Electric and Power Ltd has announced its order book pipeline of around Rs. 365 crore, which is an increase of 14.5 per cent. Commenting on the same, Gautam Seth, Jt. Managing Director, HPL Electric and Power Ltd said, ´HPL Electric & Power Ltd. has a robust order book pipeline of around Rs.365 crore including lighting and switch gears segments and exports have grown by 14.5 per cent. The order book includes Rs.234 crore of meter orders from utilities including a new order from Gujarat State Electricity Board in Q2 FY17. HPL is focusing on advanced lighting solutions as part of the new business opportunities initiatives and we received our first order for smart city street lighting for Bhopal in Q2 FY17. The company is focusing to exploit opportunities in the government´s ´Housing for All´ agenda via innovation into low cost and affordable electrical solutions. Improvement in quarter-to-quarter margin in lighting business is due to continuous cost efficiency efforts. The standalone results signals an end of the capex undertaken by the company.´
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