14-November-2026
Corporate News
 
Adani makes smart Rs 3,050 crore bet to power up its metering game
13-Nov-2026

Adani Energy Solutions on Friday said it has acquired IntelliSmart Infrastructure from National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL) for Rs 3,050 crore, a move that will boost the Adani Group entity's presence in the smart metering space. The Rs 3,050-crore transaction includes the acquisition of 100 per cent equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF. IntelliSmart Infrastructure provides advanced metering infrastructure for electricity and deploys certain smart gas meters in the country.

News Source:- https://economictimes.indiatimes.com/industry/energy/power/adani-energy-solutions-acquires-intellismart-infrastructure-for-rs-3050-crore/articleshow/135792268.cms