HPL Electric and Power Ltd (HPL), a leading Indian electric equipment manufacturer, announced today that it has won smart meter orders worth INR 204 Crore (Rs 179.45 crore net of tax) from customers with a pan-India presence.
With a robust pipeline of pending orders, the Company has been operating and supplying at an accelerated pace aligning with the roll-out of government-led schemes for smart metering. The Company’s strategic focus on the smart meter sector is yielding positive results, with a noticeable upsurge in demand. This success can be attributed to the government’s initiatives and the nationwide adoption of smart metering technologies. The Company currently has an order book of over Rs. 1500+ crores.
“We are delighted with our ongoing success, driven by the strong demand for smart meters and our commitment to technological excellence,” said Mr. Gautam Seth, Joint Managing Director of HPL Electric and Power Ltd. “The implementation of government schemes has significantly helped the industry, and we are witnessing tangible results. Our robust pipeline of pending orders, combined with our R&D and process automation initiatives, positions us strongly for sustained growth and continued market leadership.”
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