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Wirepas is a leading loT company with a mission to democratize enterprise IoT. It aims to make failure-free connectivity accessible to any enterprise of any size. It makes loT real through its connectivity software enabling massive decentralized, scalable, high-density, and long-range network applications. It serves customers across the world with offices in Australia, Germany, Finland, France, India and the United States, in the areas of smart tracking, smart building, smart manufacturing and smart metering.The Indian smart metering market, with 250 million metering points, is on the cusp of exponential growth. HPL Electric and Powers recent announcement of smart meter orders valued under World Bank funding of Rs 416.84 crore in May 2023 underscores the immense potential of this market. The company has an order book exceeding Rs 2000 crore.Meeting the demand for smart meters and ami solutions simultaneous roll-outs in the Indian market have created a demand peak for smart meters and AMI (Advanced Metering Infrastructure) solutions. HPL Electric and Power, as a leading bidder and solution provider, recognizes the importance of meeting stringent service level agreements (SLAs) to fulfill tender requirements and exceed the expectations of electricity distribution utilities. Wirepas partners have consistently delivered impressive 99.9% SLAB, establishing their reliability with over 50 utilities worldwide. Through this joint collaboration, HPL and Wirepas are poised to ensure the successful implementation of smart meter roll-outs in India.Rishi Seth, managing director of HPL Electric, said: “I am glad that our collaboration with Wirepas will result in speedy and reliable deployment of Government of India initiative of RDSS (Revamped Distribution Sector Scheme) smart metering projects across India. With this future proven technology, HPL shall be self-reliant for all kinds of communication solutions for AMI. Going forward, this technology can be scaled up to Gas & Water Metering also, apart from deploying in global emerging markets.”HPL Electric & Power is an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry.

HPL Electric gains on partnering with Wirepas for accelerating smart metering roll-outs

HPL Electric & Power has entered into a strategic partnership with Wirepas Oy, a global leader in RF mesh technology. This collaboration will help the company in speedy execution of the companys recently procured smart meter orders. 

HPL Electric & Power forges strategic partnership with Wirepas Oy

HPL Electric &amp;  Consolidated June 2023 Net Sales at Rs 320.74 crore, up 8.51% Y-o-Y

A meeting of board of directors of the company is scheduled to be held on August 9, 2023, to consider and approve the un-audited (standalone &amp; consolidated) financial results for the quarter ended 30th June, 2023.

HPL Electric locked at upper circuit on winning Rs 416-crore power project

HPL Electric &amp;  Standalone December 2022 Net Sales at Rs 286.84 crore, up 4.97% Y-o-Y

HPL Electric & Power has received a significant order, worth Rs.161.59 crore, for the supply of smart meters to serve a leading private DISCOM player. This win underscores the Companys dominant market position in the smart metering space, and fortifies its reputation as a strong advanced meter solutions company. Furthermore, this new order has expanded the Companys metering order book to exceed Rs. 600 crore as of 29 December 2022. 

HPL Electric & Power wins order worth Rs 161.59 cr 

This win underscores the companys dominant market position in the smart metering space, and fortifies its reputation as a strong advanced meter solutions company. Furthermore, this new order has expanded the companys metering order book to exceed Rs 600 crore as of 29 December 2022.With this win, the company has further improved its market share in the smart meter market, making it a peer vendor in a highly competitive market. Gautam Seth, joint managing director, said, “This order with one of Indias leading private power utility player proves our competitive capability for this exciting market opportunity, and also motivates us to intensify our aggressive stance within the marketplace. We hope to win more substantial orders in this space within the coming quarters, and look forward to being at the forefront of the national shift towards smart metering.”HPL is an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. HPL had the largest market share in Indias electricity energy meters market, with one of the most comprehensive portfolios of meters in India and the fifth largest market share for LED lamps during the corresponding period.The companys consolidated net profit rose 26.16% to Rs 6.27 crore on a 8.04% increase in sales to Rs 302.28 crore in Q2 FY23 over Q2 FY22.

HPL Electric soars on bagging smart meters supply contract worth Rs 161-cr

HPL Electric &amp;  Consolidated September 2022 Net Sales at Rs 302.28 crore, up 8.04% Y-o-Y

HPL Electric and Power is in classical bullish momentum. The overall structure of the counter is lucrative, as it is trading above all of its moving averages

Bet on Elecon Engineering, IRB Infrastructure, HPL Electric for 16-24% return in short term

HPL Electric & Power Ltd. engages in the manufacture of electrical equipment. It operates through the following segments: Metering, Switchgear, Lighting and Electronics, Cables, and Unallocated. The company was founded on May 28, 1992 and is headquartered in New Delhi, India.

Watchers	63
52-Wk Low	67.10
52-Wk High	269.40

Market Cap	14.31B
Volume (M)	232,556.00
52-Wk High	269.40
52-Wk Low	67.10

HPL.NSE HPL Electric & Power Ltd.

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