“The Company is bullish about the opportunities in the smart metering segment. We are expecting large-scale requirement for smart metering solutions in the coming years….”
HPL Electric and Power has received approval and production clearance from a private distribution company for implementation of narrow band Internet of Things (NB-IoT) based smart meters in parts of the national capital.
Developed in-house at HPL’s R&D facility at Gurugram, the smart meters are both 4G and 5G compatible. The company noted that these have the ability to offer a dedicated channel for smart metering. These also can avoid any reduction in performance arising out of obstruction or intergerence due to congestion in the public network.
“With this technology, interference and problems arising due to public network congestion will not hamper the performance of smart meters as data will smoothly flow through a dedicated channel. It will also enable more number of remote meter readings possible,” ANI quoted HPL’s Joint Managing Director Gautam Seth.
It is to be noted here that HPL holds the largest market share of electricity energy meters in India. The company is also the holder of fifth largest market share in LED lamps market. The company had recently announced about winning two orders worth over Rs 372 crore from housing projects in Andhra Pradesh. These orders include HPL supplying switchgear, wires and other related accessories to these housing projects.
The current total order book of the company stands over at Rs 700 crore. HPL has been a supplier to government infrastructure, as well as the private housing sector. The company had announced a new R&D center in October 2020, and has noted that around 200 engineers will be working at the center, conducting advanced in developing solutions for smar meter solutions. HPL is aiming to bring in advanced IoT and AI-enabled smart solutions and products for the Indian and international markets.
“The Company is bullish about the opportunities in the smart metering segment. We are expecting large-scale requirement for smart metering solutions in the coming years and we are fully capable and ready to meet the requirements of the industry with our best-in-class metering solutions. Our manufacturing facilities are adequately equipped to undertake larger production to meet the targets of the Government to install 25 million smart meters in the country within the next three years,” Gautam Seth, Joint Managing Director, HPL Electric & Power Ltd, had said earlier.
