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GSEDPL will implement smart meter project in the Dakshinanchal (Agra, and Aligarh zone) area of Uttar Pradesh (UP). It will install, integrate and maintain 25.52 lakh smart meters in the given areas.
The implementation tenure is expected to be 27 months from the date of execution of the contract and an operating period of 93 months. The total contract value (inclusive of GST) for Agra & Aligarh Zone is about Rs 2,469.71 crore.
GSEDPL participated in the e-tender and emerged as a winner. The project will be spanned over a period of 10 years.
This advanced metering infrastructure (AMI) project shall include supply, installation, integration, commissioning and operation & maintenance of smart meters on DBFOOT basis backed by state-of-the-art technology and software solutions for end-to-end automated system management.
The project will be executed under revamped distribution sector scheme (RDSS) and is expected to reduce the AT&C losses in the designated area and improve operational and collection efficiency of UP Discoms.
GMR Power & Urban Infra is engaged in handling EPC solutions in the infrastructure sector. The company's business also comprises of investment activity and corporate support to various infrastructure Special Purpose Vehicles (SPV).
The company reported consolidated net loss of Rs 205.30 crore in Q1 FY24 as compared with net profit of Rs 212.65 crore in Q1 FY23. Net sales rose 5.2% year on year to Rs 1,124.22 crore in Q1 FY24.
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