HPL Electric and Power Ltd., an electrical equipment manufacturing company in India, announced that it has won smart meter orders worth Rs 545 crore from various prestigious customers in the normal course of business.
This achievement, it said, marks a significant stride in HPL’s journey, further solidifying its market share in the competitive smart meter arena. The order is indicative of HPL Electric’s continued growth trajectory and promising future in the industry. This order, the company added, is a milestone in HPL’s journey and a strong indicator of its promising future in the smart metering industry.
Gautam Seth, Joint Managing Director, HPL, said, “The receipt of these orders reflects our alignment with the government’s ongoing efforts to implement smart meters nationwide. While understanding that this is just one more step in a much broader initiative, it highlights HPL’s significant role in this sector. Our high acceptability in terms of performance and quality with leading AMISPs demonstrates HPL’s strong positioning in the smart meter market. This achievement is not just a measure of our current standing but also a promising indicator of the potential opportunities that lie ahead in the evolving landscape of smart metering in India.”
HPL manufactures a diverse portfolio of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. HPL’s manufacturing capabilities are supported by an extensive sales and distribution network with a pan-India presence. HPL currently manufactures and sells its products under the umbrella brand ‘HPL’, registered in India since 1975.