Polaris Smart bags order worth Rs 5,200 crore from Uttar Pradesh
Smart energy metering solution provider Polaris Smart Metering has bagged two smart meter projects totaling Rs 5,200 crore in Uttar Pradesh. As per the firm Madhyanchal Vidyut Vitran Nigam Limited (MVVNL) has awarded the contracts for installing over 5.1 million smart meters in the important clusters of Lucknow and Ayodhya/Devipatan. Polaris has signed a Design-Build-Finance-Operate-Own-Transfer (DBFOOT) agreement.
Polaris Smart Metering will supply, commission, install, and maintain smart meters for consumers and system metering across the consumer base in these clusters for the next 10 years. The firm has also received Letter of Awards (LOAs) from West Bengal and Manipur worth over Rs 2,400 crore to install more than 2.3 million smart meters across these two states.
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