HPL Electric and Power Ltd., an Indian electrical equipment manufacturing company, declared its acquisition of smart meter orders valued at Rs 545 crore from a range of esteemed clients as part of its regular business operations.
This accomplishment signifies a substantial advancement in HPL's progress, reinforcing its position in the fiercely competitive smart meter market. The order underscores HPL Electric's ongoing expansion and promising prospects within the industry. According to the company, this order stands as a milestone in HPL's evolution, signaling a robust future in the smart metering sector.
Gautam Seth, the Joint Managing Director at HPL, emphasized, “The acquisition of these orders underscores our company's commitment to aligning with the government's ongoing endeavors to deploy smart meters across the country. Recognizing that this forms part of a broader national initiative, it accentuates HPL's pivotal role in this domain. Our consistent delivery of high performance and quality, acknowledged by leading AMISPs, underscores HPL's formidable position within the smart meter market. This milestone not only reflects our present stature but also serves as a promising indicator of the prospective opportunities in the ever-evolving landscape of smart metering in India.”
HPL is engaged in the manufacture of a diverse array of electrical equipment, encompassing metering solutions, switchgear, lighting equipment, wires, and cables, serving both consumer and institutional clientele within the electrical equipment industry. Backed by robust manufacturing capabilities, HPL boasts an extensive sales and distribution network spanning the entire nation. Operating under the brand name ‘HPL,’ registered in India since 1975, the company currently manufactures and markets its products under this established umbrella brand.
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