HPL Electric and Power Ltd Joins Forces with Wirepas to accelerate Smart Metering roll-outs in India
TAMPERE, Finland and NEW DELHI, Sept. 14, 2023 /PRNewswire/ -- In a significant development for India's growing smart metering market, HPL Electric and Power Ltd, a leading Indian electric equipment manufacturer, has entered into a strategic partnership with Wirepas Oy, a global leader in RF mesh technology. This exciting collaboration is poised to reshape the landscape of smart metering in India, marking a remarkable milestone in the industry.
Empowering India's Smart Metering Market
The Indian smart metering market, with a staggering 250 million metering points, is on the cusp of exponential growth. HPL Electric and Power Ltd's recent announcement of smart meter orders valued under World Bank Funding of INR 416.84 crore in May 2023 underscores the immense potential of this market. These orders align with state-led schemes like the Revamped Distribution Sector Scheme (RDSS), reflecting HPL's strategic focus on the smart meter sector and its ability to meet growing demand. With an order book exceeding INR 2000 crores, HPL's commitment to high-volume manufacturing and utility solutions in India is unquestionable.
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 Ltd, 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% SLAs, 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.
A Shared Vision for Excellence
Teppo Hemiä, CEO of Wirepas, expressed his enthusiasm about the partnership, saying, "HPL is a well-knownand highly valued brand among utility customers in India. We are excited to collaborate with HPL and assist them in offering a high-performance Radio Frequency (RF) Mesh solution tailored for the Indian market."
This strategic partnership between HPL Electric and Power Ltd and Wirepas represents a pivotal moment in the evolution of India's smart metering industry. Together, they are committed to delivering cutting-edge technology, unmatched reliability, and exceptional value to meet the evolving needs of the Indian power sector.
The Managing Director of HPL Electric, Mr. Rishi Seth, showed his enthusiasm and appreciation for the technical collaboration with one of the leading global technology providers in the AMI Space, Wirepas Oy.
Mr. Seth shared, "I am glad to announce that our partnership with Wirepas will facilitate the timely and dependable implementation of the Government of India's ambitious RDSS smart metering initiatives throughout the nation. With the integration of this cutting-edge technology, HPL is poised to attain self-sufficiency in all communication aspects of Advanced Metering Infrastructure (AMI). This milestone signifies a crucial stride in alignment with the 'Make in India' initiative championed by the esteemed Prime Minister of India.
Furthermore, we envision the potential for extending this technology's reach beyond electricity metering, with possibilities for adaptation in the domains of Gas and Water Metering. Our commitment extends to exploring opportunities in emerging global markets as well."
About HPL Electric and Power Ltd
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 holds one of the largest market share of India's 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 (Source: Frost & Sullivan Report, February 2016). HPL's manufacturing capabilities are supported by an extensive sales and distribution network with a pan-India and growing global presence.
About Wirepas Oy
Wirepas is a leading IoT company with a mission to democratize enterprise IoT. It aims to make failure-free connectivity accessible to any enterprise of any size. It makes IoT real through its connectivity software enabling massive decentralized, scalable, high-density, and long-range network applications. Its technology lets any enterprise set up and manage its own network autonomously without operators, separate network infrastructure, middlemen or subscriptions - at a fraction of the cost of other alternatives. Wirepas is also the main contributor to the first non-cellular 5G standard, purpose-built for massive IoT and using a free global spectrum. 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.