HPL Electric and Power has received its first set of formal orders for supply of 5G electric products including cable to the top telecom companies. The company sees a significant opportunity to contribute to the development of 5G infrastructure in India and to provide the necessary electrical equipment to the leading telecom providers. The company is heavily focusing on 5G and anticipates that this market will bring in respectable revenues.
The company is amongst a handful of companies which made material contributions to the 4G infrastructure expansion and has supplied wires and cables, and electrical equipment to the leading telecom players. Going forward, 5G holds an immense promise for being a much more significant opportunity. Growth outlook for this segment looks promising and the Company anticipates an additional around Rs 150-200 crore business in the near to medium term from this segment.
HPL Electric and Power is an established electric equipment manufacturing company in India, manufacturing 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.
