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Polaris Smart Metering Wins 5,200 Cr. Worth of Smart Metering Projects in UP

Polaris Smart Metering Pvt. Ltd. has secured two smart metering projects totalling Rs. 5,200 crore in Uttar Pradesh. These projects entail the installation of smart meters under Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) model.

The company has secured contracts for these projects from Madhyanchal Vidyut Vitran Nigam Limited (MVVNL), which are for installing and commissioning over 51 lakh (5.1 million) smart meters in parts of Lucknow and Ayodhya, and Devipatan division of UP. These smart meters will enable real-time energy monitoring and prepaid billing. Polaris will be responsible for maintenance of these meters for a period of 10 years. The company is expected to install these meters over the next 27 months.

Commenting on these order wins, Mr. Yashraj Khaitan, CEO of Polaris Smart Metering, said,” Our smart metering solutions will empower consumers with actionable insights into their energy consumption, while simultaneously delivering substantial benefits to the state governments in terms of improved grid efficiency, reduced pilferage, and improved environmental sustainability”.