Polaris wins substantial smart metering contract in West Bengal, securing a project valued at Rs 2,246 crores

Polaris, an energy solutions provider, secured a Rs 2,246 crore contract to install 2.2 million smart meters in West Bengal. Polaris has now secured over Rs 7,700 crore in orders across Uttar Pradesh, West Bengal, Manipur, Bihar, and Ladakh. The company will supply, install, and maintain smart meters for 10 years, aiming to reduce losses for discoms and empower consumers with better energy control.

Energy solutions provider Polaris on Wednesday said it has secured a contract worth Rs 2,246 crore to install 2.2 million smart meters in West Bengal.

''With this order, Polaris has successfully closed orders over Rs 7,700 crore across the geographies of Uttar Pradesh, West Bengal, Manipur, Bihar and Ladakh,'' the company said in a statement.

The new order worth Rs 2,246 crore in West Bengal is for installation of 2.2 million smart meters in the state.

Polaris Smart Metering will supply, commission, install and maintain smart meters for consumers and system metering across the consumer base in these important clusters for the next 10 years. These smart meters will be equipped with state-of-the-art technology, enabling prepaid billing, real-time energy monitoring, accurate metering, and improved grid management capabilities.

This contract comes under a Design-Build-Finance-Operate-Own-Transfer (DBFOOT) agreement. In addition to West Bengal, Polaris has also secured a contract of Rs 206 crore for smart meter installation in Manipur in the region of Imphal to install over 1.6 lakh smart meters.

In January, the company had secured Rs 5,200 crore contract for smart meter installation in Uttar Pradesh to install over 5.1 million smart meters.

The primary objective of these projects is to reduce losses for discoms and to empower consumers by introducing smart prepaid meters, enabling them to have better control over their energy consumption.

Jaipur-based Polaris is into manufacturing and implementation of smart metering projects.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)