Promonique
Promonique
Home » News » HPL fuels industry dominance, secures ₹545 crore smart meter orders

HPL fuels industry dominance, secures ₹545 crore smart meter orders

December 18, 2023 6:11 pm

HPL fuels industry dominance, secures ₹545 crore smart meter orders

This accomplishment represents a significant advancement in company’s trajectory, consolidating its position in the fiercely competitive smart meter sector.

Electric and Power Ltd. (“HPL,” NSE Symbol: HPL, BSE Scrip Code: 540136), a prominent player in the electrical equipment manufacturing sector in India, proudly announces its successful acquisition of smart meter orders valued at INR 545 Crore from various esteemed clients as part of its regular business operations.

This accomplishment represents a significant advancement in HPL’s trajectory, further consolidating its position in the fiercely competitive smart meter sector. The substantial order underscores the company’s sustained growth and signals a promising future within the industry. It stands as a noteworthy milestone in HPL’s journey, serving as a robust indicator of its prospective role in the smart metering domain.

The INR 545 Crore smart meter orders have been secured through a process aligned with the company’s strategic objectives and showcase HPL’s adeptness in meeting the evolving needs of its diverse clientele. This achievement is not only a testament to HPL’s commitment to excellence but also a reflection of its unwavering dedication to providing cutting-edge solutions in the electrical equipment landscape.

In the dynamic market for smart meters, HPL’s success in securing these orders demonstrates its ability to navigate challenges and capitalize on opportunities. The company’s competitive edge lies not only in its technological prowess but also in its commitment to customer satisfaction and delivering value-driven solutions.

As HPL embarks on the fulfillment of these smart meter orders, it solidifies its standing as a key player in the industry. The company’s foresight and strategic vision have positioned it for continued success, with this substantial order serving as a pivotal moment in its ongoing journey. HPL remains steadfast in its pursuit of innovation and excellence, and this accomplishment reinforces its trajectory toward sustained growth and leadership in the smart metering sector.

On this notable occasion, Gautam Seth, Joint Managing Director of HPL, commented, “The receipt of these orders reflects our alignment with the government’s ongoing efforts to implement smart meters nationwide. While understanding that this is just one more step in a much broader initiative, it highlights HPL’s significant role in this sector. Our high acceptability in terms of performance and quality with leading AMISPs demonstrates HPL’s strong positioning in the smart meter market. This achievement is not just a measure of our current standing but also a promising indicator of the potential opportunities that lie head in the evolving landscape of smart metering in India.”


Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags: Smart meters
Power Talk
Webinar
Webinar
Android App
Android App
EPR eMagazine April 2024
EPR eMagazine April 2024
EPR eMagazine April 2024

Events

Middle East Energy Dubai
Middle East Energy Dubai
RenewX India
RenewX India
International Geotechnical Innovation Conference
International Geotechnical Innovation Conference
POWERGEN India
POWERGEN India
EL Asia
EL Asia
Global Energy Digitalisation Conclave
Global Energy Digitalisation Conclave
World battery and energy storage industry expo
World battery and energy storage industry expo
Green Hydrogen Summit
Green Hydrogen Summit
Windergy
Windergy

Our Sponsors

Rayzon Solar Pvt Ltd
Rayzon Solar Pvt Ltd
Doble Engineering
Doble Engineering
Allied Power Solutions
Allied Power Solutions
Nirmal
Nirmal
KEI Industries Limited
KEI Industries Limited
Maco Corporation India Pvt Ltd
Maco Corporation India Pvt Ltd
Meco Instruments Pvt Ltd
Meco Instruments Pvt Ltd
Icon Solar-En Power
Icon Solar-En Power
Novasys
Novasys
Testo India
Testo India
Mecc-Alte India
Mecc-Alte India
Newtech Switchgear
Newtech Switchgear
Triveni Turbine ltd
Triveni Turbine ltd
Aeron Composite Pvt Ltd
Aeron Composite Pvt Ltd
Winsun
Winsun
A-1 ELECTRICALS
A-1 ELECTRICALS
Allied Moulded Enclosure Products
Allied Moulded Enclosure Products
ANUSHREE ELECTRICAL ENGINEERS
ANUSHREE ELECTRICAL ENGINEERS
Ashone Technologies
Ashone Technologies
Citroen Switchgears Pvt. Ltd.
Citroen Switchgears Pvt. Ltd.
Electrotherm
Electrotherm
KVTEK Power Systems
KVTEK Power Systems
MENNEKES Electric India
MENNEKES Electric India
Om Technical Solutions
Om Technical Solutions
PRAMA HIKVISION INDIA
PRAMA HIKVISION INDIA
Motwane Manufacturing
Motwane Manufacturing