The record
Written from the 1 report below. Nothing here is unsourced.
- Adani Energy Solutions Ltd is executing smart metering projects worth Rs 29,519 crore across 10 contracts, with more than half of this pipeline in Maharashtra through two contracts with MSEDCL covering 13.3 million meters.
- The company has installed 13.4 million of the 24.6 million smart meters under construction, at an average rate of over 23,000 meters a day in the first quarter of FY27.
- CEO Kandarp Patel said the pending acquisition of IntelliSmart Infrastructure, which awaits Competition Commission of India approval, would take the combined portfolio to about 4.7 crore meters, the country's largest in the segment.
- Around 10-11 crore smart meters are yet to be awarded across states such as Tamil Nadu, Karnataka and Telangana, pointing to a sizeable addressable market.
What to watch next
- Competition Commission of India approval for the IntelliSmart Infrastructure acquisition
- Progress on the two large MSEDCL contracts in Maharashtra, including the 8.1 million-meter NSC-05 project
- Award of pending smart meter tenders in Tamil Nadu, Karnataka, Telangana and parts of Andhra Pradesh
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Named India · Andhra Pradesh · Assam · IntelliSmart Infrastructure · Maharashtra · Maharashtra State Electricity Distribution Company Ltd · Mumbai · North Bihar · Uttarakhand · Adani Energy Solutions Ltd · Competition Commission of India · Kandarp Patel
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