HPL Electric and Power (HPL) has won smart meter orders worth Rs 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 crore.
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.
