Leading Indian electric equipment manufacturer HPL Electric and Power Ltd. (HPL) declared today that it has received smart meter orders worth INR 204 crore from clients with a presence across the country. The company has been operating and providing at an increased pace in alignment with the roll-out of government-led programs for smart metering thanks to a strong pipeline of pending orders.
With a discernible increase in demand, the company’s strategic focus on the smart meter industry is showing promise. The actions of the government and the widespread use of smart metering technologies are to blame for this success. At this time, the company’s order book totals more than Rs. 1250 crore.
An important competitive edge over its competitors in gaining these contracts was HPL Electric and Power Ltd.’s dedication to R&D and significant investments in it. An order book that is rapidly expanding is a testament to the company’s ongoing efforts to improve product innovation and technological breakthroughs. With a solid R&D base, HPL is well-positioned to meet the changing demands of the industry and spur additional growth.
HPL Electric & Power Ltd. has been carefully enhancing its operational effectiveness and infrastructure in line with its strategy for modernization and process automation. The company has increased productivity levels while decreasing reliance on manual labor by utilizing cutting-edge technologies and automating crucial procedures. Through this modernization-focused approach, operations are streamlined, cost-effectiveness is increased, and customer satisfaction is raised.
The robust demand for smart meters and our dedication to technical excellence are the main drivers of our continued growth, said Mr. Gautam Seth, Joint Managing Director of HPL Electric and Power Ltd. “The adoption of government initiatives has greatly benefited the sector, and we are seeing real benefits. We are well-positioned for sustainable growth and ongoing market leadership thanks to our significant backlog of pending orders, together with our R&D and process automation activities.
HPL is still committed to offering cutting-edge, superior smart meter solutions and actively participating in power industry modernization initiatives. With an emphasis on effectiveness, dependability, and customer happiness, the company is well-positioned to seize new possibilities and solidify its leadership position within India’s smart metering revolution.
In India, HPL is a well-known manufacturer of electrical equipment, producing a wide range of products for the consumer and institutional markets, including metering solutions, switchgear, lighting equipment, and wires and cables. During the same year, HPL had the largest market share in the Indian market for electricity energy meters, one of the most complete portfolios of meters in India, and the fifth largest market share for LED lamps. The vast sales and distribution network of HPL, which is present throughout India, supports its industrial capabilities. Under the umbrella trademark “HPL,” which has been registered in India since 1975, HPL today manufactures and markets its goods.
