HPL Electric & Power Ltd. (HPL), a prominent provider of cutting-edge electrical solutions, proudly announces its triumph in securing Rs 903 crores worth of smart meter orders, including taxes. This remarkable feat has significantly bolstered HPL’s already impressive pending pipeline order book, which now stands at an impressive total of Rs 2250+ crores as of the date of this announcement.
These substantial orders for smart meters not only highlight HPL Electric & Power Ltd.’s dedication to innovation but also underscore its pivotal role in driving the mass adoption of smart meters across India. The company’s relentless focus on research and development empowers it to deliver technologically advanced solutions tailored to the unique needs of the Indian market.
Distinguished by their exceptional accuracy and real-time remote data monitoring capabilities, HPL Electric & Power Ltd.’s smart meters offer a host of features that empower consumers and utilities alike to optimize energy consumption. By facilitating energy efficiency, these smart meters play a crucial role in fostering a greener and more sustainable future. Additionally, HPL’s wide range of smart metering solutions has garnered significant recognition within the industry, further solidifying the company’s position as a market leader.
“We are thrilled to secure these prestigious smart meter orders, marking yet another milestone in our commitment to spearheading India’s smart-meter revolution,” expressed Mr. Gautam Seth, Joint Managing Director & CFO of HPL Electric & Power Ltd. “Our smart meters enable consumers and energy providers to access real-time data on energy consumption, driving demand-side energy efficiency. This empowers consumers to adjust their energy usage to off-peak hours, easing the burden on the grid and facilitating the implementation of dynamic pricing strategies that incentivize energy conservation.”
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About HPL Electric:
HPL Electric & Power Limited is a company that specializes in manufacturing electric equipment. Their primary focus is on the production of electrical and power distribution equipment. The company operates across four main segments: Metering, Switchgears, Lighting, and Wires & Cables.
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