HPL Electric secures smart meter supply contract worth Rs 1.62 billion

HPL Electric & Power Limited has received an order worth Rs 1.62 billion for the supply of smart meters to serve a leading private discom player.

This new order has expanded the company’s metering order book to exceed Rs 6 billion as of December 29, 2022. With this order, the company has further improved its market share in the smart meter market, making it a peer vendor in a highly competitive market.