Adani, Actis among firms on list for Polaris Metering as race intensifies

Polaris Smart Metering's sale process is advancing with four infrastructure majors shortlisted. Adani Energy Solutions and Apraava Energy are among those in the second negotiation round. Binding bids are expected by early August, valuing the company around ₹1,500 crore. This development follows I Squared Capital's exploration of an exit from the smart meter provider. The government's ambitious smart meter installation scheme drives significant market opportunities.

Raccontata daeconomictimes.indiatimes.com