HPL Electric and Power Ltd. announced that it has won smart meter orders worth INR 2,040 million (INR 1,794.5 million net of tax) from customers with a pan-India presence. 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 strategic 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 currently has an order book of over INR 15,000+ million. HPL Electric and Power Ltd.'s commitment to research and development, coupled with substantial investments, served as a key competitive advantage amongst 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 is well-positioned to cater to the market's evolving needs and drive further growth. In line with its modernization and process automation vision, HPL Electric and Power Ltd. has been diligently upgrading its infrastructure and operational efficiencies.

By leveraging advanced technologies and automating key processes, the Company has achieved higher productivity levels while reducing manual dependency. This focus on modernization ensures streamlined operations, improved cost-effectiveness, and enhanced customer satisfaction.