Adani Energy Acquires IntelliSmart for ₹3,050 Cr

Key Highlights • Signed a binding agreement to acquire 100% stake in IntelliSmart Infrastructure for ₹3,050 Cr • Acquisition will add 2.2+ crore smart meters to Adani Energy's portfolio • Total installed and contracted smart meter base will exceed 4.7 crore meters • Positions Adani Energy as India's largest smart metering platform by scale About IntelliSmart • Joint venture between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited • Operates smart metering assets across Uttar Pradesh, Gujarat, Madhya Pradesh, Bihar, and Assam • Widely regarded as one of the top three players in India's smart metering industry What It Means • Significantly strengthens Adani Energy's position in the smart metering segment • Enhances long-term revenue visibility through utility contracts • Provides greater scale in India's power distribution modernization efforts • Creates opportunities for operational synergies and execution efficiencies Learning Outcome Smart metering is a key component of power sector modernization. Companies with large meter deployment platforms can benefit from recurring revenues, improved utility efficiency, and the ongoing digitalization of electricity distribution.