Executives discuss smart meter technology and investment opportunities in India.
Global infrastructure investors, including the Adani Group and GMR, are in contention to acquire IntelliSmart Infrastructure, a smart meter business owned by the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The deal aligns with India’s Revamped Distribution Sector Scheme.
IntelliSmart Infrastructure, is expected to be valued at $400 million. The potential sale has attracted interest from both global infrastructure funds and domestic smart meter manufacturers, signaling strong investor confidence in India’s growing smart meter market.
The acquisition aligns with India’s ambitious smart meter rollout under the Revamped Distribution Sector Scheme, which aims to improve the efficiency and financial sustainability of the country’s power distribution sector. The scheme is driving investments in smart metering infrastructure and related technologies.
The sale of IntelliSmart represents a strategic move by NIIF and EESL to capitalize on the increasing demand for smart metering solutions in India. The deal is expected to attract further investment into the sector.
About the Author
