HPL Electric wins Rs 545 cr smart meter orders, supports national metering initiative

  • Industry News
  • Dec 18,23
Company has won these orders from various prestigious customers in the normal course of business.
HPL Electric wins Rs 545 cr smart meter orders, supports national metering initiative

HPL Electric and Power, a leader in the electrical equipment manufacturing sector in India, is proud to announce that it has won smart meter orders worth Rs 545 crore from various prestigious customers in the normal course of business.

This achievement marks a significant stride in HPL's journey, further solidifying its market
share in the competitive smart meter arena. The order is indicative of the Company's continued growth trajectory and promising future in the industry. This order is a milestone in HPL's journey and a strong indicator of its promising future in the smart metering industry.

On this notable occasion, Gautam Seth, Joint Managing Director of HPL, commented, “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.”

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