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Adani Energy Solutions Ltd. is in talks for a $600 million credit facility to fund smart meter projects for electricity supply. The foreign currency loan could have a tenor of three to five years, with pricing likely linked to the Secured Overnight Financing Rate. Adani Energy Solutions recently formed a venture with UAE-based Esyasoft for smart meter projects in India and overseas. India plans to roll out 250 million smart meters to address billing inefficiencies in power distribution. The Adani Group has been regaining investor confidence since being targeted by US short seller Hindenburg Re...

The Adani Group has been awarded two contracts worth Rs 13,888 crore by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to install smart meters. This comes after the group recently won a contract to install smart meters in Mumbai. With these wins, Adani Group will become the largest smart meter supplier in the country, holding a 30% market share.

SRINAGAR: A complete bandh is being observed across Jammu division comprising Jammu, Samba and Kathua districts after the Chamber of Commerce and Industries, Jammu (CCIJ), Jammu High Court Bar Association, and several other groups called for a Jammu bandh to protest against collection of toll tax at...