HPL Electric & Power bags Rs 178.9 Cr order for Smart Meters
HPL Power & Electric Ltd bags an order of Rs. 178.9 crores from a private utility of a state in Eastern India. “This further strengthens HPL Electric & Power Ltd.’s leadership position in the smart meter manufacturing sector across Indian Markets. At a time when reports of power shortages are making headlines, smart meters will definitely reduce distribution losses, remove theft and pilferage of power. This prestigious order has been secured amidst stiff competition,” the company said.
Commenting on winning the order, Gautam Seth, Joint Managing Director, HPL Electric & Power, said, “This is a big win for us, fortifying our leadership position in smart meter technology once again. HPL has a whole range of best-in-class metering solutions to meet the requirements of the power industry. This is the start of a positive cycle for smart meter technology adoption leading to a growth in demand across power utility companies. Our recently launched new range of smart meters with NB-IoT communications technology has been developed in-house at HPL’s new R&D facility at Gurugram’