Commentary from Mr. Sanjay Kumar Mittal – Senior Director, Eninrac
The Government of India has allocated a gross budgetary support of INR 23,000 crores to install 250 million prepaid smart meters across the country by 2027. This ambitious initiative is part of India’s broader plan to modernize its power distribution sector and improve energy efficiency.
Several key players from both public and private sectors are making significant strides in India’s smart metering market:
- EDF India has formed a strategic joint venture (JV) with Actis to deploy advanced smart metering infrastructure across the country.
- SAT Private Limited has secured an investment of USD 2.5 million to enhance its smart meter technology, pushing forward innovation in the sector.
- Adani has committed to investing INR 21 billion to provide smart metering solutions, supporting the nation’s transition to more efficient and reliable energy systems.
- Iskrameco, a leading player in the sector, is investing nearly INR 1,000 crore to establish an integrated facility for both hardware and software solutions tailored for smart metering.
- Kimbal Technologies, a Delhi-based startup, has raised USD 5 million from Niveshaay to further develop its smart meter solutions.
