<?xml version="1.0" encoding="UTF-8"?>
<xbrli:xbrl xmlns:in-capmkt="https://www.sebi.gov.in/xbrl/2023-06-30/in-capmkt" xmlns:in-capmkt-ent="https://www.sebi.gov.in/xbrl/Closure_Of_Trading_Window/2023-06-30/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="https://www.sebi.gov.in/xbrl/Closure_Of_Trading_Window/2023-06-30/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:in-capmkt-type="https://www.sebi.gov.in/xbrl/2023-06-30/in-capmkt-types" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2023-06-30.xsd"/><xbrli:context id="MainI"><xbrli:entity><xbrli:identifier scheme="https://www.sebi.gov.in/in-capmkt/ScripCode">540136</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2026-03-21</xbrli:instant></xbrli:period></xbrli:context><in-capmkt:NameOfTheCompany contextRef="MainI">HPL Electric &amp; Power Limited</in-capmkt:NameOfTheCompany><in-capmkt:NSESymbol contextRef="MainI">HPL</in-capmkt:NSESymbol><in-capmkt:ISIN contextRef="MainI">INE495S01016</in-capmkt:ISIN><in-capmkt:TypeOfAnnouncementForClosureOfTradingWindow contextRef="MainI">New</in-capmkt:TypeOfAnnouncementForClosureOfTradingWindow><in-capmkt:TypeOfEventForClosureOfTradingWindow contextRef="MainI">Closure of Trading Window</in-capmkt:TypeOfEventForClosureOfTradingWindow><in-capmkt:DateOfStartOfTradingWindowClosure contextRef="MainI">2026-04-01</in-capmkt:DateOfStartOfTradingWindowClosure><in-capmkt:BriefDetailsForTradingWindowClosureEndDate contextRef="MainI">The Trading Window for dealing in securities of the Company shall remain closed w.e.f. April 01, 2026 till 48 hours after the declaration of financial results for the quarter and year ended March 31, 2026.</in-capmkt:BriefDetailsForTradingWindowClosureEndDate><in-capmkt:PurposeOfTheClosureOfTradingWindow contextRef="MainI">To consider, inter alia, the financial results of the Company for the quarter and year ended March 31, 2026</in-capmkt:PurposeOfTheClosureOfTradingWindow><in-capmkt:AnyOtherDisclosureWithRespectToComplianceAsPerSEBIRegulationOfCircularOrProvision contextRef="MainI">In case, trading window end date is on trading holiday then trading window will remain closed till next succeeding day which is not a trading holiday.</in-capmkt:AnyOtherDisclosureWithRespectToComplianceAsPerSEBIRegulationOfCircularOrProvision><in-capmkt:DateOfReport contextRef="MainI">2026-03-21</in-capmkt:DateOfReport></xbrli:xbrl>
