Adani Energy Solutions Ltd (AESL) has announced the acquisition of IntelliSmart Infrastructure Pvt Ltd, one of India’s largest smart metering companies, in a deal valued at approximately ₹3,050 crore. The transaction marks one of the biggest consolidations in the country’s rapidly expanding smart metering industry.
IntelliSmart is currently backed by the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL). The company has emerged as a major player in India’s power distribution modernisation efforts, managing a large portfolio of smart meter projects across multiple states.
With the acquisition, Adani Energy Solutions will significantly strengthen its presence in the advanced metering infrastructure segment. The company said the deal aligns with its strategy of building a digitally enabled energy network and supporting the government’s push for power sector reforms.
Smart meters are designed to provide real-time monitoring of electricity consumption, improve billing efficiency, reduce power losses and enhance operational performance for electricity distribution companies. The technology is a key component of India’s efforts to modernise its power infrastructure and improve service delivery.
Following the acquisition, Adani Energy Solutions’ total smart meter portfolio is expected to expand substantially. The combined business will have the capability to serve millions of consumers across the country and participate in upcoming smart metering projects under government programmes.
The acquisition also reflects growing private-sector interest in digital energy infrastructure, an area that is attracting significant investments as utilities increasingly adopt technology-driven solutions.
Adani Energy Solutions said the acquisition will help create a larger and more efficient platform for delivering smart metering services while supporting India’s energy transition goals. Subject to regulatory approvals and customary closing conditions, the deal is expected to further strengthen the company’s position as a leading integrated energy infrastructure player in the country.
Industry experts view the transaction as a significant step in consolidating the smart metering market, which is expected to witness strong growth over the coming years. The government has been encouraging the deployment of smart meters as part of broader reforms aimed at improving the financial health and efficiency of power distribution companies.