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Adani Energy Solutions to acquire IntelliSmart Infrastructure, a leading smart metering company
Adani Energy Solutions has executed a binding securities purchase and subscription agreement (SPSA) to acquire a 100% equity stake in IntelliSmart Infrastructure, a leading smart metering JV between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The proposed acquisition will strengthen AESL's position as India's largest smart metering platform with over 4.7+ crore smart meters.
Data Patterns among 11 stocks hit 52-week highs, rally up to 25% in a month
Data Patterns, Adani Green Energy, Syrma SGS Technology and eight other BSE 500 stocks hit fresh 52-week highs on Tuesday, gaining up to 26% over the past month amid strong momentum and improving investor sentiment.
Adani Group to acquire NIIF-EESL smart-metering joint venture IntelliSmart for ₹3,050 crore
The acquisition will cement Adani Energy Solutions' position as India's largest smart-metering platform
Adani Energy buys IntelliSmart in Rs 3,050-cr deal, becomes India's largest smart metering platform
Adani Energy Solutions Ltd (AESL) has acquired IntelliSmart Infrastructure Pvt Ltd for Rs 3,050 crore, significantly expanding its smart metering platform to over 4.7 crore meters. This strategic move positions AESL as India's largest smart metering entity, bolstering its capabilities and supporting the modernization of the power distribution sector.
Adani Energy Solutions Bets Big On Smart Meters With Rs 3,000 Crore IntelliSmart Deal
The transaction comes as power distribution companies across India accelerate efforts to modernise billing and distribution infrastructure under government-backed smart meter programmes.
Adani Energy Solutions to acquire IntelliSmart for ₹3,050 crore
Adani Energy Solutions share price has gained 16% in one month, and has rallied 60% in three months. The Adani Group stock has jumped 74% in one year, while it has surged 89% over the past three years.
Adani Energy Solutions inks deal to acquire Intellismart Infrastructure
Adani Energy Solutions to acquire IntelliSmart for Rs 3,050 crore, to become India's largest smart metering platform
Adani Energy Solutions Limited is acquiring IntelliSmart Infrastructure Private Limited for Rs 3,050 crore. This deal will create India's largest smart metering platform with over 4.7 crore meters. IntelliSmart currently has a portfolio of over 2.2 crore smart meters. Adani Energy Solutions already has an order book of over 2.46 crore meters.
Adani Energy Solutions to acquire Intellismart Infrastructure for ₹3,050 crore
Following the completion of this transaction, Adani Energy Solutions’ cumulative installed and contracted smart meter portfolio will surpass 4.7 crore meters.
Cairn, Vedanta Oil & Gas raises output from Hazarigaon gas field in Assam
Cairn Vedanta Oil & Gas has achieved a significant milestone in Assam. The Hazarigaon field recorded its highest gas production. This contributes to India's energy security. The field supports tea gardens, powers CNG buses, and supplies gas to Numaligarh Refinery. The company ensures responsible operations and efficient resource use. This work reflects steady progress in the region.
Adani Energy Solutions vs Power Grid Corp: Which stock is Jefferies betting on?
Jefferies remains bullish on both Adani Energy Solutions and Power Grid Corp but sees significantly stronger growth in AESL, driven by transmission expansion and smart metering. The brokerage expects AESL’s earnings growth to outpace Power Grid and believes improving valuations and execution momentum could support a potential re-rating.
Adani Energy Solutions Ltd rises for third straight session
Adani Energy Solutions Ltd is quoting at Rs 1607.9, up 1.83% on the day as on 12:49 IST on the NSE. The stock is up 78.38% in last one year as compared to a 7.4% slide in NIFTY and a 10.49% slide in the Nifty Energy index.