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The share value of one of Indiau2019s leading telecom service providers, having a 32.78 % market share in the telecom sector in green energy, increased rapidly after it signed a work agreement with Adani Energy Solutions Limited. This happened right after the Supreme Court dismissed allegations of Adani Group controversies.
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LARGE-CAP STOCK SOARS FOLLOWING SMART METER DEAL WITH ADANI ENERGY
This happened right after the Supreme Court dismissed allegations of Adani Group controversies. The shares of Bharti Airtel Limited were trading at INR 1054.0, up 0.55% from its previous day’s close price of INR 1049.05. The company’s market capitalization is INR 5,93,374 Crores. Bharti Airtel Limited has plans to power around 20 million smart meters for Adani Energy Solution Limited. This will be achieved with the transformative intelligent IoT solutions the company has designed.
AN OVERVIEW OF BHARTI AIRTEL LIMITED Bharti Airtel Limited is one of the biggest telecommunication companies in India. The company aims to offer products and services through multiple segments like Airtel business, mobile services, digital TV services, home services, and much more. It has already built an excellent global presence for itself currently. The company is operational in around 60 countries.
THE SMART METER SOLUTIONS FROM AIRTEL The transformative smart metering solutions from Airtel are powered by NB-IoT, 4G, and 2G. These solutions will help AESL to ensure real-time connectivity and uninterrupted data transfer between the headend applications and the smart meters. The service is again going to pave the way toward digitalization. The various workplace operations can be conducted smoothly. Data security can also be maintained across the organization’s entire supply chain. The smart meter solutions are also powered by Airtel’s IoT platform, the Airtel IoT hub.