Polaris secures $80 million for smart meter rollout in India
pre-market1 source ↓written by the desknot a recommendation
- approximately
- ₹710 cr
- from British International
- $80 million
- installation
- 2.2 million smart meters
Polaris Smart Metering has raised ₹710 cr (approximately $80 million) from British International Investment to enhance its smart meter deployment in West Bengal. This funding will facilitate the installation of over 2.2 million smart meters, supporting the shift towards modern metering systems in India’s digital energy infrastructure market. ⚡
This investment is crucial as utilities increasingly adopt advanced metering infrastructure (AMI) to improve efficiency and billing accuracy, potentially boosting Polaris's market position.
Not investment advice. For informational purposes only.