Smart meter installation is a crucial step towards strengthening DISCOMs

At ELECRAMA 2023, HPL highlighted their focus on metering, particularly smart meters, as well as domestic and industrial switchgear applications. Additionally, the company showcased their range of power electronic products.

HPL recently secured an order to provide 5G specialty cables for telecom businesses

The company has extensive exposure to R&D for efficient and effective technology utilization, particularly in specialty cables, and their modern manufacturing plant develops and manufactures products that performed exceptionally well in 4G services. Following the government’s launch of 5G services in India in October 2022, HPL became an approved company to offer 5G electrical products for telecom companies. They have since secured substantial orders to develop and install 5G specialty cables for the telecom industry and anticipate further growth in this segment by Q2 2024.

The installation of smart meters is crucial in reducing AT&C losses for DISCOMs

Companies like HPL are fully equipped in terms of technology and manufacturing capabilities to meet the growing demand for smart meters. Smart metres are a solution in terms of recording the energy and bringing in a reasonable amount of savings on the Capex cost of DISCOMs. We already see a growing number of inquiries and tenders. The government’s schemes, such as RDSS, place significant emphasis on smart meters as a critical component in reducing losses. With their improved technology and two-way communication, smart meters will benefit both consumers and utilities.

Government support for DISCOMs and utilising the leverage of smart metering

When looking at smart meter technologies, software, and IT infrastructure, there is little human intervention involved. This ensures more efficiencies as the billing and monitoring processes have also become automated, eradicating the possibility of human error in billing as well.

Today, for the benefit of industry and our people, the government wants to create better infrastructure, healthy electricity, and more DISCOMs. A healthy electrical sector will see the vibrant growth that the government is perceiving. Smart metres are a big enabler for making DISCOMs much healthier. The government’s focus on creating better infrastructure and healthier DISCOMs will lead to vibrant growth in the electrical sector, and smart meters are a big enabler in achieving this. HPL and the industry at large are well-equipped to cater to the large demand for smart meters in India, aligning with the government’s “Make in India” initiative.

Investment plans in 2023

There are a lot of routine investments currently happening. As you can see from the past, we have significantly invested in all aspects of our manufacturing capabilities. Regarding investment plans for 2023, HPL is currently investing in more advanced automation of its manufacturing processes with the help of AI to better output from the same plant with a lesser CAPEX cost. With over 1,000 crores of orders and numerous inquiries, HPL is well-positioned to continue their growth in the industry.

For more details visit: https://www.hplindia.com/