Adani Energy share price rises nearly 3% as smart meter installations hit 1 crore, to add 1 cr more in FY27

The stock was trading 2.72% higher at ₹1,015 apiece on the National Stock Exchange (NSE) at 2:58 pm.

The next 1 crore will be delivered in the financial year 2026-27, AESL said in a statement.

As India’s leading AMISP (Advanced Metering Infrastructure Service Provider), AESL has the mandate to install 2.5 crore smart meters across five states.

At 25,000 per day, its pace of installation is the highest in the industry, it claimed.

This milestone comes much ahead of the company’s guidance of reaching the 1 crore mark by March 31, 2026.

AESL’s smart meter network delivers real-time consumer insights, enhances billing transparency, and strengthens utility operations.

"Reaching an installed base of 1 crore smart meters is a testament to our benchmarked execution excellence and deep engagement with distribution utilities and consumers," Kandarp Patel, Chief Executive Officer, AESL said.

"These smart meters are not just devices — these are catalysts for empowering consumers with real-time usage data, improving grid reliability, reducing losses, and enabling efficient energy management. We remain committed to playing a pivotal role in India’s digital energy transition," Patel added.

To have greater control and visibility over the entire value chain, AESL has

tied up with sister firms like Adani Esyasoft Smart Solutions’ smart metering and IoT division, AdaniConneX for local data hosting, besides signing up with tier I meter brands to ensure delivery timelines and manage platform relevance during the contract period.

AESL began its smart metering journey in 2024 and has accomplished this significant milestone in approximately 24 months, making it the quickest installation pace in the country.

Under the Revamped Distribution Sector Scheme (RDSS), India aims to replace 25 crore conventional meters with advanced smart meters to modernise the power distribution landscape.

Adani Energy Q3 results

Adani Energy had posted a 1.68% decline in its consolidated net profit to Rs 552.31 crore for the December quarter.

Its consolidated net profit was Rs 561.78 crore for the quarter ended December 31, 2024, a company statement said.

Revenue from operations rose to Rs 6729.65 crore from Rs 5830.26 crore in the same period a year ago, reflecting a 15.42% year-on-year (YoY) increase.