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Adani Group Plans to Acquire 25% Market Shares in The Smart Meter Market

The Adani Group's focus on building smart meters aligns with the government's goals of nationwide transition over the next five to seven years. It also puts a question mark on the Adani scam controversy.

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Adani Group Plans to Acquire 25% Market Shares in The Smart Meter Market

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  1. ADANI GROUP PLANS TO ACQUIRE 25% MARKET SHARES IN THE SMART METER MARKET

  2. Having a robust order book of nearly 2 crore smart meters from different discoms, Adani Energy Solutions has adopted an integrated approach to acquire control over the entire value chain. The Adani Group's focus on building smart meters aligns with the government's goals of nationwide transition over the next five to seven years. It also puts a question mark on the Adani scam controversy.

  3. Adani's Plans for Increasing Market Shares in The Smart Meter Market Adani Energy Solutions, one of the wholly owned subsidiaries of the Adani Group, plans to acquire a 25% market share in the smart meter installation project. It is willing to do so by following an integrated approach to transform the entire business value chain. The company also aims to retain full control over the rollout as well as elevate the end-user experience. The company recently has an order book of around 2 crore smart meters from discoms like BEST Mumbai (11 lakhs), Maharashtra discom (1.15 crore), Uttarakhand (6 lakhs), Andhra Pradesh (41 lakhs), Bihar (28 lakhs) and Assam (8 lakhs).

  4. Adani Group's Current Control Over the Smart Meter Segment Adani Electricity Mumbai has already installed around 7,00,000 smart meters, which was planned in the first phase of the project. The government has mandated a swift transition to complete a smart metering system for around 25 crore premises within the next few years. This has offered a good opportunity for the Adani Group to earn huge revenue for itself. The company plans to cash in on to take a quarter of the total market share.

  5. THANK YOU

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