HPL Electric and Power, a manufacturer of electrical equipment, has secured a substantial order amounting to Rs 240 crore for smart meters from the Advanced Metering Infrastructure Service Provider (AMISP). This achievement further strengthens HPL's already substantial order pipeline, affirming its continuous positive trajectory in the dynamic smart meter sector, as stated by the company.

As per the announcement, HPL Electric and Power declared a significant success on Monday, securing smart meter orders worth Rs 240 crore from AMISP clients as part of their regular business operations. Gautam Seth, Joint Managing Director of HPL Electric, expressed optimism about these developments, anticipating a future of stability and growth for HPL in the smart metering industry. The company markets its products under the brand name 'HPL.'