Adani Energy Solutions Limited has informed the Exchange regarding a press release dated Jun 09, 2026, titled "Adani Energy Solutions to acquire IntelliSmart, one of India s largest smart meter players".
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Adani Energy Solutions Limited has shared a press release dated June 9, 2026, announcing its plan to acquire IntelliSmart, described as one of India's largest smart meter players. While the exact deal value and structure are not mentioned in this filing, the move marks a significant step into the smart metering space beyond the company's traditional power transmission business. The acquisition is subject to regulatory and other customary approvals.
This acquisition expands Adani Energy Solutions into the fast-growing smart metering segment, aligning with India's national smart grid and Revamped Distribution Sector Scheme (RDSS). Shareholders may view this positively as it opens a new, recurring-revenue stream, though watch for clarity on deal valuation and integration costs.