HPL Electric and Power has received a significant order, worth Rs 161.59 crore, for the supply of smart meters to serve a leading private DISCOM player. This win underscores the company’s dominant market position in the smart metering space, and fortifies its reputation as a strong advanced meter solutions company. Furthermore, this new order has expanded the company’s metering order book to exceed Rs 600 crore as of December 29, 2022.
With this win, the company has further improved its market share in the smart meter market, making it a peer vendor in a highly competitive market. This milestone order also signals sustained positive growth visibility in the coming quarters.
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.
