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HPL Electric secures work order worth Rs 240 cr for smart meters

Tuesday, 16 Jan 2024
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Electric equipment maker HPL Electric and Power has secured a work order worth Rs 240 crore from an advanced metering infrastructure service provider (AMISP) for smart meters.

By securing this contract, the company has added a significant milestone to its order pipeline, reinforcing its ongoing upward momentum in the dynamic smart meter sector. These developments paves way for HPL's future stability and growth in the smart metering industry. The company manufactures and sells its products under the umbrella brand 'HPL'.

The company has marked its presence across five key verticals- metering solutions, switchgears, LED lighting, wires & cables, solar solutions and modular switches. Its backward integrated facilities offer product design and development, component designing, tool manufacturing and commercial production.

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