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Adani group bags two contracts worth Rs 13,888 crore

22 Sep 2023 Evaluate

Adani group has bagged two contracts worth Rs 13,888 crore from Maharashtra State Electricity Distribution Company (MSEDCL) to install smart meters. A total of six tenders were awarded by MSEDCL to install smart meters, of which two have been bagged by the Adani Group. 

The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL. The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters. The group's transmission arm Adani Energy Solutions is active in the smart meter segment.

Adani Energy Solutions (formerly known as Adani Transmission) is the transmission business arm of the Adani Group, one of India’s largest business conglomerates.

Adani Energy Solut. Share Price

1643.80 -10.35 (-0.63%)
13-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 352.00
Tata Power 377.90
Power Grid Corpn. 286.00
Adani Power 215.50
Torrent Power 1442.90
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