HPL Secures Mega Smart Meter Order Worth ₹242.24 Cr

HPL Electric & Power Limited has secured a work order worth ₹242.24 crore (inclusive of taxes) for the supply of smart meters from its existing customers, the company said.

The order has been awarded by multiple entities, including GMR Triveni Smart Meters Limited, GMR Kashi Smart Meters Limited, GMR Agra Smart Meters Limited, Paschimanchal Infrastructure Private Limited, and Madhyanchal One Infrastructure Private Limited.

According to the company, the contract falls within its regular course of business and will be executed as per the terms specified in the respective purchase orders and notifications of award.

The development reinforces HPL Electric & Power’s position in the fast-growing smart metering segment, which is gaining momentum as India continues to modernize its power distribution infrastructure.

News by Rahul Yelligetti.