Polaris Smart Metering has secured two smart meter projects in Uttar Pradesh worth a total of Rs 5,200 crore. The contracts, awarded by Madhyanchal Vidyut Vitran Nigam Limited (MVVNL), involve installing over 5.1 million smart meters in Lucknow and Ayodhya/Devipatan. Under the agreement, Polaris Smart Metering will supply, commission, install, and maintain the smart meters for the next 10 years.
Polaris Smart Metering, a company controlled by global private equity firm I Squared Capital, has secured two smart metering contracts worth Rs 5,200 crore ($625 ..