HPL Electric & Power Limited is a well-established player in the electric equipment industry. The company offers a comprehensive product portfolio spread across four verticals - metering switchgear lighting and wires & cables catering to the industrial commercial and household demand for electrical equipment. Enjoying a leadership position in energy meters and in on-load changeover switchgear HPL holds 20% and 50% market share respectively in these segments. Over the years HPL has emerged as the 5th largest manufacturer in the LED lighting sector in India. The company has a strong distribution network of over 27000 retailers and over 2000 dealers and distributors spread across the country.The company has seven manufacturing units equipped with state-of-the-art machineries spread across the two states of Haryana and Himachal Pradesh. Approved by the Department of Scientific & Industrial Research and Ministry of Science & Technology the company also has two state-of-the-art Research and Development (R&D) centres located at Kundli and Gurgaon. During the financial year ended 31 March 2017 HPL Electric & Power's investment in the Debentures subscribed in Himachal Energy Private Limited was converted into equity shares. Post conversion of 15000000 debentures held by the company in Himachal Energy Private Limited the company now hold 97.15% of the total equity share capital of Himachal Energy Private Limited. Accordingly Himachal Energy Private Limited became subsidiary of the company on May 9 2016. Himachal Energy Private Limited is engaged in the business of manufacturing of energy meters kilowatt meters trivector and multifunction meters and other related activities.In September 2016 HPL Electric & Power came out with public issue of Rs 361 crore which got over whelming response resulting in over subscription of around 9 times. The company's shares got listed on the trading terminals of the National Stock Exchange of India Limited and the BSE Limited with effect from October 4 2016.For the financial year ended 31 March 2017 HPL Electric & Power's business in all sectors was very challenging due to demonitisation & fewer tenders of meters from Electricity Boards during the year resulting in reduced sales volume as well as profitability of company. During the year the company added a new product namely Automatic Transfer Switch in its bucket of Switchgear products. The product is user friendly from application point of view & easy to service.HPL Electric & Power's overall order book rose 43% on YoY basis to Rs 531 crore as on 31 March 2018 led by 67% growth in metering orders. The company witnessed an improved financial performance in Q4 March 2018 driven by growth across all business segments. It has noted a very positive business trend marked by stronger H2 FY 2018 compared to H1 FY2018.During the financial year ended 31 March 2018 the company developed two new products viz. Automatic Transfer Switch (40~125A) & Double Break type MCCB (up to 250A). ATS (40~125A) was successfully developed and commercialized too during the FY 2017-18.