Indian electric equipment manufacturer HPL Electric & Power (HPL) has won smart meter orders worth INR204 crore ($24m) from customers across India.

With a robust pipeline of pending orders, the company has been operating and supplying at an accelerated pace aligning with the roll-out of government-led schemes for smart metering.

The company’s focus on the smart meter sector is yielding positive results, with a noticeable upsurge in demand. This success can be attributed to the government’s initiatives and the nationwide adoption of smart metering technologies. The company’s current order book is worth more than R1250 crore.

HPL says its commitment to research and development, coupled with investments, served as a competitive advantage among its peers in securing these orders. The company’s continuous efforts in enhancing product innovation and technological advancements are reflected positively in a fast-growing order book. With a strong R&D foundation, HPL says it is well-positioned to cater to the market’s evolving needs and drive further growth.

In line with its modernisation and process automation vision, HPL has been upgrading its infrastructure and operational efficiencies. By leveraging technologies and automating key processes, the company has achieved higher productivity levels while reducing manual dependency. This focus on modernisation helps streamline operations, improve cost-effectiveness and enhance customer satisfaction.

“We are delighted with our ongoing success, driven by the strong demand for smart meters and our commitment to technological excellence,” said Gautam Seth, joint managing director of HPL. “The implementation of government schemes has significantly helped the industry, and we are witnessing tangible results. Our robust pipeline of pending orders, combined with our R&D and process automation initiatives, positions us strongly for sustained growth and continued market leadership.”

HPL manufactures electrical equipment including metering, switchgear, lighting, and wires and cables, catering to consumer and institutional users. HPL has the largest market share in India’s electricity energy meters market and the fifth largest market share for LED lamps. Its manufacturing capabilities are supported by a sales and distribution network with a pan-India presence. It has been registered in India since 1975.