Adani Transmission appointed as BEST Undertaking's new AMI partner; stock zooms ~1.5%

20 Oct 2022 , 10:34 AM

Adani Transmission Limited emerged as a successful bidder in the BEST Undertaking’s recently ended tender for the appointment of an Advanced Metering Infrastructure (AMI) service provider.

The Smart Metering Project will be implemented via the company’s Distribution Platform on a Design-Build-Finance-Own-Operate-Transfer (DBFOOT) basis.

As part of the mandate, 10.80 lakh smart metres and accompanying communication and cloud infrastructure would be implemented during a 30-month period which shall be maintained for the next 90 months. The project will include end-to-end smart metering for BEST Undertaking’s distribution infrastructure and end users, providing total energy accounting with minimal manual involvement.

BEST users will be able to monitor internet usage habits and take immediate remedial actions if necessary, thanks to smart metres. Smart Meters also offer the option of pre-paid invoicing and net-metering for housing societies and commercial buildings with rooftop solar.

BEST will also have the option to connect and disconnect non-paying consumers remotely. Smart Meters also allow regulators to create consumer-friendly Time of Day Tariffs, hence increasing overall efficiency in power distribution.

At around 10.41 AM, Adani Transmission was trading at Rs3,184.30 per piece, up by 1.4% from its previous closing of Rs3,140.20 on the BSE. The scrip opened at Rs3,140.60 and touched intraday high and low of Rs3,192.35 and Rs3,104.90 respectively.

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