Seth is in alignment with Govt’s ongoing efforts to implement smart meters nationwide
HPL Electric and Power Ltd, (NSE Symbol: HPL) (BSE Scrip Code: 540136), has won smart meter orders worth Rs.545 crore from various prestigious customers in the normal course of business.
“The receipt of these orders reflects our alignment with the government’s ongoing efforts to implement smart meters nationwide,” said Gautam Seth, Joint Managing Director of Noida’s HPL, a leader in the electrical equipment manufacturing sector in India.
“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 ahead in the evolving landscape of smart metering in India,” he said on 14 Dec 2023.
HPL is an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry.
HPL’s manufacturing capabilities are supported by an extensive sales and distribution network with a pan-India presence. HPL currently manufactures and sells its products under the umbrella brand ‘HPL’, registered in India since 1975. Fiinews.com
