Adani Electricity invests Rs 500 cr for smart meter installations in Mumbai
Adani Electricity Mumbai (AEML) on Tuesday said it is investing Rs 500 crore to install smart meters for seven lakh consumers in the financial capital by the end of 2023.
The power discom, a unit of the listed Adani Transmission, said the 7 lakh smart meters is the first phase target and the remaining 20 lakh consumers will get smart meters by the end of FY25.
In a late evening statement, smaller rival Tata Power also said that it is on a similar drive of installing smart meters, aiming to have 1 lakh of its 7.5 lakh consumers under the technologically better meters by March 2023, and cover all consumers by FY25-end.
