HPL Electric & Power Ltd, in a release, said that it has won an order worth Rs.178.90 crore for supplying smart meters.
The order was placed by an unnamed entity, referred to as “the largest private utility of a state in eastern India,” in the release. “This prestigious order has been secured amidst stiff competition,” the company said.
This order further strengthens HPL Electric & Power’s leadership position in smart meter manufacturing sector across Indian markets, the release observed, adding that at a time when reports of power shortages are making headlines, smart meters will definitely reduce distribution losses, remove theft and pilferage of power.
“A Big Win”
Commenting on the order win, Gautam Seth, Joint Managing Director, HPL Electric & Power, said, “This is a big win for us, fortifying our leadership position in smart meter technology once again. HPL has a whole range of best-in-class metering solutions to meet the requirements of the power industry. This is the start of a positive cycle for smart meter technology adoption leading to a growth in demand across power utility companies. Our recently launched new range of smart meters with NB-IoT communications technology has been developed in-house at HPL’s new R&D facility at Gurugram.”
“We are elated to maintain our front runner position in the smart metering technology manufacturer market and our commitment to Indian government’s overhaul of entire power industry deepens,’’ he added.
Prepaid meters
At a time when country is facing several challenges due to the present scenario, this project comes at a crucial juncture when Indian government has earmarked a sum of Rs.22,500 crore as the Central government grant for the installation of 25 crore smart prepaid meters across the country under the Rs. 3-lakh-crore scheme for power distribution entities. This project will work in tandem with realizing India’s goal of overhauling the power infrastructure towards a better future, the release added.
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Editor’s note: Though the official release from HPL Electric & Power has not divulged the name of the entity placing the order, the description alludes to the possibility of the entity being Tata Power.
Featured photograph shows HPL Electric & Power’s R&D Centre at Gurugram,
