Adani Energy to acquire smart metering firm IntelliSmart for ₹3,050 crore
Adani Energy Solutions is acquiring IntelliSmart Infrastructure for ₹3,050 crore to expand its smart metering platform. The deal aims to modernize power distribution in India through technology-led infrastructure.
Why it matters
This acquisition significantly consolidates the smart metering market in India, impacting national energy infrastructure modernization.
Adani Energy Solutions Ltd (AESL) said it has executed a binding securities purchase and subscription agreement to acquire a 100% equity stake in IntelliSmart Infrastructure Private Ltd, a smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL) for ₹3,050 crore.
The article reports on a business transaction using standard corporate press release information.
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