The Centre has set an ambitious target of installing 250 million smart meters across the country by 2025, which has also piqued industry interest. These tenders are witnessing the participation of major meter manufacturers and leading players in the energy sector.
Currently, 7 million smart meters are installed across the country. Of the 150 million under tendering, L1, or the winning bidder, has been announced for close to 80 million meters, according to senior industry executives.
Among the significant tenders, Adani Energy Solutions recently secured a tender worth ₹13,000 crore to install 11 million meters in various zones of the Maharashtra State Electricity Distribution Company.
GMR Smart Metering also won a tender in Uttar Pradesh (UP) to install 7.5 million smart meters. Similarly, IntelliSmart, a joint venture of National Investment and Infrastructure Fund and state-owned Energy Efficiency Services, secured a tender to install 6 million meters in 14 districts of UP. Tata Power won a tender to install 1.8 million meters in Chhattisgarh.
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