Smart Meters

This GMR group stock has surged 51% in 10 days; zoomed 121% since April

GMR Power shares were locked in the 5-per cent upper circuit for a fourth straight day, up 5% at Rs 94.40. This was also the stock's new record high

How smart meters are powering change for companies, consumers in country

Devices help electricity firms in preventing leakages and improving revenue by providing real-time data

Rs 2.5 trn smart metering play has Adani, Tatas walking different paths

Installation of 25 crore meters is estimated to offer Rs 2.5 trillion revenue opportunity

Polaris Smart Metering gets Rs 5,200 crore smart meter project in UP

Polaris Smart Metering on Monday said it has secured two smart meter projects totalling Rs 5,200 crore in Uttar Pradesh. "Madhyanchal Vidyut Vitran Nigam Limited (MVVNL) has awarded the contracts for installing over 5.1 million smart meters in the important clusters of Lucknow and Ayodhya/Devipatan, which the company plans to install over the next 27 months," Polaris Smart Metering said in a statement. As per the agreement, Polaris Smart Metering will supply, commission, install and maintain smart meters for consumers and system metering across the consumer base in these clusters for the next 10 years, it said. These smart meters will be equipped with state-of-the-art technology, enabling prepaid billing, real-time energy monitoring, accurate metering, and improved grid management capabilities. This contract comes under a Design-Build-Finance-Operate-Own-Transfer (DBFOOT) agreement. Meanwhile, Polaris has also received Letter of Awards (LOAs) from West Bengal and Manipur worth over

Recycling firm Vikas Lifecare sets up JV to manufacture smart meters

Recycling player Vikas Lifecare on Saturday said it has formed a Joint Venture (JV) company to set up a smart meter manufacturing unit at an investment of Rs 108 crore. Its subsidiary Genesis Gas Solutions Pvt Ltd (Genesis) has formed JV IGL Genesis Technologies Ltd with equity participation from Indraprastha Gas Ltd (IGL) in the ratio of 49:51, Vikas Lifecare said in a statement. The JV will set up a smart meter manufacturing facility at an initial investment of Rs 108 crore in Noida, Uttar Pradesh. The unit, with a capacity to manufacture 1 million smart meters annually, is being set up over an area of 65,000 sq ft, and is expected to be made operational by July this year, the company said. Orders for the manufacturing equipment have already been finalised and will be placed within this month. Vikas Lifecare recycles plastic waste to manufacture pallets and interlocking tiles for industrial applications.

Techno Electric & Engineering Company gets projects worth Rs 1,750 crore

Techno Electric & Engineering Company on Friday said it bagged new orders related to smart metering and transmission projects worth Rs 1,750 crore. One of the orders worth Rs 1,041 crore is for advance metering infrastructure (AMI) from RECPDCL (REC Power Development and Consultancy Limited) for 7.27 lakh smart meters in Kashmir on DBFOOT (Design-Build Finance-Own-Operate-Transfer) basis, the company said in a regulatory filing. Besides, the company also received transmission (projects) orders worth Rs 709 crore. The transmission orders include a substation package for Neemrana-ll from Sterlite worth Rs 199 crore, a substation package for establishment of 765,400 kV, 2x1500 MVA at Sikar from PGCIL worth Rs 223 crore, and a "substation package for (i) 765/400 kV Dausa and (ii) extension of 765 kV Beawar from PGCIL" worth Rs 288 crore, the filing said.

Airtel Business, IntelliSmart to connect 20 mn smart meters with IoT

Telecom operator Bharti Airtel has entered into a strategic partnership with IntelliSmart Infrastructure to connect up to 2 crore smart meters with internet of things technology, the company said on Thursday. The project is estimated to be executed over a period of next 10 years. "This marks Airtel's foray into smart metering applications such as head end system, along with Cloud and Analytics. This is the one of the largest deals in the smart metering space in the country and will significantly contribute towards Airtel's fast-growing IoT deployment across sectors," Airtel said in a statement. The company said its proprietary platform the "Airtel IoT Hub" will help the utility track and monitor these smart meters with advanced analytics while maintaining extremely high reliability augmented with telco grade security. "IoT is one of the fastest-growing business segments for Airtel Business and, with this deal, we are now strategically positioned to play a pivotal role in driving th

HPL Electric and Power bags smart meter orders worth Rs 545 crore

In August, HPL Electric and Power won an order worth Rs 417 crore from West Bengal State Electricity Distribution Company

Genus Power Infrastructures arm bags order worth Rs 3,121.42 crore

Genus Power Infrastructures said that there is a possibility of seeing a "consistent and noteworthy surge" in order volumes over the upcoming quarters of the financial year 2023-24

HPL, Wirepas Oy to speed up rollout of smart metering projects in India

The Indian smart metering market, with a staggering 250 million metering points, is on the cusp of exponential growth

GMR Power wins new contract for smart meters; stock hits 10% upper limit

Earlier on September 3, GMR Group had received Letter of Award (LOA) worth Rs 5,123 crore for smart metering project from Purvanchal Vidyut Vitran Nigam Limited.

Stock of this metering solutions provider zooms over 200% in 3 months

Genus Power anticipates a robust surge in order volumes to continue during the forthcoming quarters of fiscal year 2024.

HPL Electric & Power freezes at 5% upper circuit on Rs 417-crore order win

With this, the total pending order book pipeline now stands at Rs 2,267 crore

Centre rolls out mandatory quality norms for smart meters, welding rods

The government on Tuesday said it has issued mandatory quality norms for smart meters and welding rods to curb the import of sub-standard goods and boost domestic manufacturing of these products. A notification in this regard was issued by the Department for Promotion of Industry and Internal Trade (DPIIT) on July 14. These items cannot be produced, sold/traded, imported and stocked unless they bear the Bureau of Indian Standards (BIS) mark, the notification stated. Now, manufacturing, storing and sale of non-BIS certified products are prohibited as per the BIS Act, 2016. Violation of the provision of the BIS Act can attract imprisonment of up to two years or a fine of at least Rs 2 lakh for the first offence. In case of second and subsequent offences, the fine will increase to a minimum of Rs 5 lakh and extend up to 10 times the value of goods or articles. "These recently notified two new QCOs for smart meters and welding rods and electrodes will come into force from six months

Genus, GIC affiliate to set up platform to fund smart metering projects

The companies have committed to an initial pipeline with a capital outlay of $2 billion

New electricity tariff rules to make bills cheaper during solar hours

Tariffs during solar hours of the day will be 10-20% lower than the normal tariff, said the Ministry of Power

BRPL, BYPL to award contract for 5 mn smart meters by July 2023: Official

One of the primary goals of the BSES Smart Meter project is to deliver a more efficient and cost-effective system for its 5 million consumers

HPL Electric and Power gets pan-India smart meter orders worth Rs 204 cr

The implementation of government schemes has significantly helped the industry, and we are witnessing tangible results, said the company CEO

Airtel teams up with Secure Meters to deploy NB-IoT powered smart meters

Telecom operator Bharti Airtel on Monday announced its partnership with Secure Meters for deploying Narrow Band-Internet of Things (NB-IoT) services to power 1.3 million homes in Bihar via a smart meter solution. The telco said this deployment will be India's first NB-IoT solution on a narrow band with a fall-back option that will work on 2G and 4G, and ensure real-time connectivity and uninterrupted transfer of critical data. NB-IoT is a low-power, wide area, radio network technology which enables a wide variety of IoT devices and services, including smart meters. Airtel's NB-IoT platform is future-ready and is scalable to 5G, the telco said in a release. Ajay Chitkara, Director and CEO of Airtel Business, informed that IoT is one of the fastest-growing business segments for Airtel Business. "This venture into NB-IoT strengthens our credentials as the largest cellular IoT player in the country and places us firmly as a partner of choice for Discoms looking to invest in smart mete

Gram Power to ramp up smart meter manufacturing capacity; expects growth

Homegrown smart metering firm Gram Power is eyeing a multi-fold growth in topline in the current fiscal as it is set to ramp up the manufacturing capacity to 10 million units per annum, according to a top company official. "We have set up a manufacturing unit with a capacity of up to 3 million smart meters per year, and we aim to ramp up production to 10 million meters in the next 12-15 months to meet the growing demand for smart metering systems in the country," Yashraj Khaitan, Founder and CEO of Gram Power, told PTI. With the capacity expansion, Gram Power is eyeing about 10 per cent of the country's 300 million metering market over the next five years. Khaitan said that that once the additional capacity is functional, Gram Power's topline turnover will increase by 20 times in 2023-24. However, he did not disclose specific financial details. Recently, the company raised USD 100 million from I Squared Capital for capacity expansion works. Under the Smart Meter National Programm