Strategic Partnership with HPL Electric
Integrating Wirepas’s RF mesh technology for smart meters communication infrastructure
We are glad to announce a significant milestone in HPL Electric and Power Ltd's journey. We have joined hands with Wirepas Oy, a global leader in RF mesh technology, in a strategic partnership that promises to reshape India's smart metering landscape.
Empowering India's Smart Metering Market
Our recent acquisition of smart meter orders valued at INR 416.84 crore, under World Bank Funding in May 2023, reaffirms our commitment to India's burgeoning smart metering sector. These orders align seamlessly with state-led initiatives like the Revamped Distribution Sector Scheme (RDSS), reflecting our strategic focus and capacity to meet the surging demand.
As simultaneous roll-outs surge across India, our partnership with Wirepas, known for delivering exceptional SLAs with over 50 utilities globally, assures the seamless implementation of smart meter roll-outs in India.
A Shared Vision for Excellence
Teppo Hemiä, CEO of Wirepas, expressed his enthusiasm for this partnership, emphasizing our reputation among utility customers in India: “Together, we are dedicated to delivering cutting-edge technology, unmatched reliability, and exceptional value, aligning with the evolving needs of India's power sector.”
Mr. Rishi Seth, Managing Director of HPL Electric, emphasized the partnership's significance in expediting the implementation of the Government of India's ambitious RDSS smart metering initiatives. Mr. Seth shared, “This marks a pivotal stride in our alignment with the 'Make in India' initiative, with promising prospects for expansion beyond electricity metering into emerging global markets. This partnership signifies a transformative moment in our journey, enhancing our capabilities and market position. Let's continue to work together to achieve more significant milestones.”
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. HPL currently manufactures and sells its products under the umbrella brand 'HPL', registered in India since 1975.
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.
