HPL Electric Power surges on receiving nod for implementation of NB-IoT based smart meters
HPL Electric & Power Ltd, a domestic meter & electrical equipment manufacturing company, announced today that it has received a go-ahead and production clearance from a leading private distribution company for implementing narrow band-internet of things (NB-IoT) based smart meters in Delhi.
The company’s new range of smart meters are 4G & 5G compatible and offer a dedicated channel for smart metering. This would help to avoid any performance deterioration that can arise due to interference or obstruction caused by congestion on the public network. This smart range of meters has been developed in-house at the company’s new research & development (R&D) facility located in Gurugram.
As per the statement of a company official, narrow band-internet of things (NB-IoT) is a novel, cost-effective technology in 4G & 5G spectrum, which has fast deployment quality. This will help with the interference and problems arising due to congestion in the public network and ensure that the data flows smoothly through a dedicated channel. Along with this, the launch will strengthen the company’s position as a leading smart meter manufacturer in the country.
At 2.24 pm, the share price of HPL Electric & Power Ltd was trading at Rs 60.55, which was an increase of 4.67 per cent over its previous day’s closing price of Rs 57.85 on BSE.