12-February-2026
Corporate News
 
Polaris plans Rs 4,500-cr expansion, battery storage foray
11-Feb-2026

Betting on the surge in smart meters in the country, Polaris Smart Metering has committed close to Rs 4,500 crore in capital by 2027 across manufacturing, project execution and a new battery energy storage business, while also exploring an IPO as part of its next growth phase. The company is set to commission a new 250,000 square feet manufacturing facility — Polaris Nova — in Rajasthan by December 2026, doubling annual smart meter production capacity from 5 million units to 10 million units — positioning it as the largest single metering plant in India.

News Source:- https://www.financialexpress.com/business/industry-polaris-plansnbsprs-4500-cr-expansionnbspbattery-storage-foray-4138381/
 
 
 

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