State-run Energy Efficiency Services Ltd plans to sell its 49% stake in IntelliSmart Infrastructure Pvt. Ltd, its joint venture with National Investment and Infrastructure Fund Ltd for smart metering and digital solutions, two people aware of the development said. IntelliSmart is in the process of replacing 27.6 million of India's 250 million conventional meters with smart meters, in the world’s …
Global private equity firm I Squared Capital on Tuesday announced that it has invested $100 million in smart metering firm Gram Power Pvt. According to Yashraj Khaitan, co-founder and chief executive of Gram Power, this is I Squared Capital’s first investment in the smart metering space in India while it has, so far, invested about $1.7 billion in India’s infrastructure …
