The company’s LED trade sales displayed growth on a YoY basis, but overall lighting revenues declined due to the high base effect of last year when we had executed some bulk LED sales: joint MD Gautam Seth Electric equipment manufacturing major HPL Electric and Power Ltd (HEPL) has witnessed an improved financial performance in the
Major Growth Drivers: Low-voltage switchgear registered 22% growth as realty, infrastructure, and other manufacturing industries witnessed revival. Demand Decline: Distribution transformer (especially up to 25 KVA – REC range) and energy meters by 12% and 10% respectively due to poor off-take from utilities owing to delay in finalisation of orders under government schemes such as
The domestic electrical and lighting industries have responded in a myriad ways to the Union Budget 2017-18 tabled by Finance Minister Arun Jaitley in the Parliament, on February 1, 2017. While the players foresee several positive triggers emanating from the Budget, their response is equivocal to the proposal of duty cuts on LED input materials.