HPL Powers Up: Bags Rs 240 Crore Smart Meter Order

HPL Electric and Power, a prominent electric equipment manufacturer, has successfully secured a substantial work order valued at Rs 240 crore from an advanced metering infrastructure service provider (AMISP) for the production of smart meters.

This accomplishment stands as a noteworthy milestone for the company, further fortifying its position in the ever-evolving smart meter sector. The acquisition of this contract enhances HPL's order pipeline, contributing to its continued upward trajectory in the dynamic realm of smart meters. These strategic developments lay the groundwork for HPL's sustained stability and expansion within the smart metering industry. The company, renowned for its products under the umbrella brand 'HPL,' continues to demonstrate its commitment to innovation and excellence.

Diversifying its portfolio, HPL has established a formidable presence across five key verticals, namely metering solutions, switchgears, LED lighting, wires & cables, solar solutions, and modular switches. Leveraging its backward integrated facilities, the company offers comprehensive services ranging from product design and development to component designing, tool manufacturing, and commercial production. This holistic approach underscores HPL's dedication to delivering high-quality solutions across various segments of the electrical and power industry.

News by Rahul Yelligetti