Adani Transmission has secured a deal to install and maintain 10.80 lakh smart meters for BEST Undertaking.
The deal value for the multi-year-old engagement by Adani Transmission's distribution platform at Rs 1,300 crore.
The current contract involves installing the smart meters over a 30 months’ period and maintaining them for 90 months.
The smart metering project, undertaken on a design, build, finance, own, operate, transfer (DBFOOT) basis also involves setting up of communication and other cloud-related infrastructure.
It will also provide an option to opt for pre-paid billing and net-metering facility for housing societies and commercial buildings with the roof-top solar facility.