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HPL Secures Rs 545 Crore Smart Meter Orders, Signals Bright Future

Published 14-12-2023, 09:15 am
© Reuters.
HPLE
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By Aayush Khanna

HPL Electric and Power Ltd (NS:HPLE), a key player in India's electrical equipment manufacturing sector, has secured smart meter orders totaling INR 545 Crore from prestigious clients in the normal course of its business operations. This accomplishment signifies a significant advancement in HPL's journey, reinforcing its position in the competitive smart meter market. The order underscores the company's ongoing growth and promises a bright future in the industry.

Gautam Seth, Joint Managing Director of HPL, expressed his thoughts on this noteworthy occasion. He highlighted the company's alignment with the government's initiatives to implement smart meters nationwide. Recognizing this as a pivotal step in a broader initiative, Seth emphasized HPL's crucial role in the sector.

The company's strong standing is evidenced by its high acceptability in terms of performance and quality, as acknowledged by leading Advanced Metering Infrastructure Service Providers (AMISPs). This achievement not only reflects HPL's current success but also serves as a promising indicator of the potential opportunities emerging in India's evolving smart metering landscape.

This move aligns with the government's push for smart meter adoption across the country. HPL's ability to secure substantial orders in this context not only demonstrates its prowess in the market but also positions it favorably for the growing prospects in the dynamic realm of smart metering. As the industry continues to evolve, HPL remains at the forefront, contributing significantly to the realization of a smart and efficient metering infrastructure in India.

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