HPL Electric & Power Ltd Secures ₹242.24 Crore Contract.

HPL Electric & Power Limited has received a work order/notification of award worth ₹242.24 crore (inclusive of taxes) from its regular customers for the supply of smart meters, the company said.

The order has been placed by GMR Triveni Smart Meters Limited, GMR Kashi Smart Meters Limited, GMR Agra Smart Meters Limited, Paschimanchal Infrastructure Private Limited, and Madhyanchal One Infrastructure Private Limited.

The company said the order is part of its normal course of business and will be executed in accordance with the terms and conditions outlined in the purchase orders/notification of award.

The deal further strengthens HPL Electric & Power’s position in the smart metering segment, a key area of growth amid India’s ongoing power distribution modernization efforts.