HPL Electric & Power Ltd. announced the signing agreement with West Bengal State Electricity Distribution Company Limited (WBSEDCL) for the deployment of an Advanced Metering Infrastructure (AMI) project, supported by the World Bank. The AMI project will be funded by the World Bank and will be executed in coordination with WBSEDCL, a pivotal player in West Bengal's electricity distribution domain. This initiative will encompass the installation of smart meters across residential, commercial, and industrial sectors, enabling real-time data transmission, consumption monitoring, and accurate billing.

This marks HPL Electric's entry as a direct Advanced Metering Infrastructure Service Provider (AMISP). This order is going to connect approx. 5 lac consumers in Kolkata and the gross value of this project is INR.

4,168.4 million against which LOI was received earlier and already informed. This transformative venture underscores HPL Electric & Power Ltd.'s steadfast commitment to technological innovation, quality, and its prowess in the energy domain. The project aims to bolster energy efficiency, transparency, and customer engagement by deploying cutting-edge smart metering solutions across WBSEDCL's operational landscape.