Smart metering order lifts EPC company shares
after close1 source ↓machine-written, see hownot a recommendation
- SEPC close
- ₹5.28
- On the day
- +7.10%
- 52-week high
- ₹11.88
- 52-week low
- ₹4.65
An Indian EPC company received a letter of intent from Telecommunications Consultants India for a ₹313.96 crore smart prepaid metering project in Punjab’s Central Zone. The contract will be executed in consortium with Adya Smart Metering under the Revamped Distribution Sector Scheme, with Punjab State Power Corporation as the utility beneficiary. The announcement adds a sizeable order to the company’s project pipeline and links its execution outlook to India’s ongoing power-distribution modernisation ⚡
Under the design, build, finance, own, operate and transfer model, the consortium will design, deploy, integrate and commission advanced metering infrastructure. It will also provide long-term operation and maintenance services. The structure gives the project a longer operating component beyond the initial installation phase, while execution will require coordination with the utility, the project awarding agency and the consortium partner.
₹314 cr smart metering order
• Scope covers prepaid meters, system integration, commissioning and long-term maintenance in Punjab’s Central Zone.
• The project forms part of the government-backed Revamped Distribution Sector Scheme, which targets more efficient and reliable electricity distribution.
• The contract was awarded through a letter of intent, so subsequent documentation, financial closure and implementation milestones remain relevant for tracking.
OI Charts data showed the company’s shares closed at ₹5.28 on 9 Oct 2026, up 7.1% during the session, with volume of 77,230,352 shares. The stock gained 3.9% over five sessions but remained down 1.5% over 20 sessions. Its 52-week range stood at ₹4.65 to ₹11.88, with the low recorded on 23 Mar 2026 and the high on 10 Oct 2025. The sharp daily move and high traded volume indicate that the order announcement arrived alongside active market participation 📈
The immediate market focus is likely to remain on conversion of the letter of intent into definitive contracts, mobilisation, meter deployment and the pace of revenue recognition. Investors will also track whether further smart-metering wins expand the order book and how the consortium manages execution and working-capital requirements. For the wider power-infrastructure segment, the project reinforces demand for digital metering, prepaid billing and distribution-efficiency systems across state utilities.
Source: PT Pulse - Projects Today, 11 Oct 2026
Not investment advice. For informational purposes only.