9 Smart Metering Stocks to Invest for Good Returns

Thaman Chhetri Jan 28, 2024

The Govt. of India has decided to change the electricity meters of 25 crore premises into smart meters.

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The government has set a target of five to seven years to complete this change.

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Investors should focus their attention on companies related to this sector.

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There are 9 stocks working in this sector that investors can consider.

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Already installed over 5 lakh smart meters and bagged a new project for 18 lakh meters in Chhattisgarh.

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It is the largest player in the metering solutions industry with over 25% market share.

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Has a market share of 20% with an installed capacity of 11 million per year and an order book of ₹2000 crore.

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The company has two orders to install, integrate, and maintain more than 1.25 crore smart meters in Uttar Pradesh.

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With a strong order book of 2 crore smart meters, Adani Energy aims to control a 25% market share in smart meters.

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It is engaged in the business of designing and manufacturing energy meters and switchgear enclosures.

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It has an order for the installation of 70 lakh meters in Gujarat, and planning to spend Rs 150 bn on smart metering infrastructure.

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It manufactures magnetic assemblies, shunt assemblies, brass terminals, and other parts of electric meters.

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The company's products are used in various sectors including smart metering, switch gears, and renewable energy.

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