HPL Electric and Power secures Rs 545cr orders for smart meters in India’s national initiative
HPL Electric and Power Ltd., a leader in the electrical equipment manufacturing sector in India, has achieved a significant business milestone by securing smart meter orders worth INR 545 Crore. These orders, won from various prestigious customers in the normal course of business, mark a critical step forward in HPL’s growth trajectory and its role in the national smart metering initiative.
Solidifying Market Position in the Smart Meter Arena:
This order win solidifies HPL Electric’s market share in the highly competitive smart meter sector. It reflects the company’s alignment with the Indian government’s efforts to implement advanced metering infrastructure nationwide, catering to the evolving needs of the energy sector.
Strategic Insights from HPL Electric and Power’s Leadership:
Gautam Seth, Joint Managing Director of HPL Electric and Power, expressed his views on this significant development, highlighting the company’s strategic role in the smart meter market. He emphasized HPL Electric’s high acceptability in terms of performance and quality with leading Advanced Metering Infrastructure Service Providers (AMISPs), demonstrating the company’s strong positioning in the industry.
Milestone for HPL Electric and Power with INR 545 Crore Smart Meter Orders Bolstering India’s Grid
HPL’s Contribution to the Evolving Smart Metering Landscape:
As an established manufacturer in India’s electrical equipment sector, HPL Electric and Power offers a diverse portfolio, including metering solutions, switchgear, lighting equipment, and wires and cables. This latest achievement in securing substantial smart meter orders reflects the company’s readiness to meet the demands of the rapidly evolving smart metering landscape in India.
The Future Potential for HPL Electric and Power :
The INR 545 crore order win is not just a testament to HPL Electric and Power’s current standing but also a promising indicator of the future opportunities in smart metering. The company’s continued innovation and drive for excellence position it to play a significant role in advancing India’s energy sector and contributing to the nation’s sustainable energy goals.