Ganesh Lakshminarayanan, CEO of Airtel Business (India), says the company has already secured contracts to power close to 50 million smart meters and is looking out for further deals. He tells Subhayan Chakraborty that smart meters remain a major part of the company’s Internet of Things (IoT) business, a space in which Airtel has a 56 percent market share. Edited excerpts.
What is behind the push by a growing number of power discoms transitioning towards smart meters?
There is a strong incentive for discoms to digitize the distribution of power. Today, all the discoms put together in the country lose about Rs. 60,000 crores a year due to a wide variety of reasons.
