This upswing is a direct result of the state distribution utilities (discoms) increased focus on replacing conventional meters with smart meters under the Revamped Distribution Sector Scheme (RDSS) launched by the Government of India in July 2021.
India: Global crude oil prices have surged from around $75 per barrel to above $94 per barrel since the beginning of July. Analysts expect the crude prices to cross the $100 per barrel mark in the next two months.