CyanConnode Holdings PLC Hardman & Co - Indian smart meter programme update
November 09 2022 - 2:00AM
RNS Non-Regulatory
TIDMCYAN
CyanConnode Holdings PLC
09 November 2022
Hardman & Co Research on Cyanconnode (CYAN):
Indian smart meter programme update
On 14 and 15 October 2022, the Indian Ministry of Power held a
"Brainstorming Session" at the Power Ministers' Conference. The
presentation for the session contains a detailed update on the
smart meter rollout in terms of rationale, targets and current
progress. The Indian Government's commitment to achieving the
replacement of 250m meters remains emphatic, likely reinforced by
the positive benefits delivered so far in terms of key metrics,
such as billing and collection efficiency. Deployments of some 179m
meters have been sanctioned, of which c.35% are at various stages
of the tendering/award process. CyanConnode remains a proven vendor
and supplier to many prime contractors, boding well for the
company.
Please click on the link below for the full report:
https://hardmanandco.com/research/corporate-research/indian-smart-meter-programme-update/
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