Polaris Smart Metering Secures BII Funding
Analysis based on 11 articles · First reported Apr 16, 2026 · Last updated Apr 16, 2026
The financing deal between British International Investment and Polaris Smart Metering is expected to positively impact the Indian power distribution sector by accelerating the deployment of smart meters. This will lead to improved billing accuracy, reduced losses, and better grid management, supporting India's energy transition goals.
Polaris Smart Metering, through its subsidiary Polaris Smart Metering===Hooghly Smart Metering, has secured USD 80 million (Rs 7,100 million) in financing from British International Investment. This funding will support the deployment of over 2.2 million smart meters in India===West Bengal, India. The initiative aligns with India's Revamped Distribution Sector Scheme, which aims to install 250 million smart meters by 2027 to modernize the power distribution sector. The smart meter rollout is expected to improve billing accuracy, enhance operational efficiency, reduce aggregate technical and commercial losses, and increase transparency for consumers. It will also play a crucial role in enabling renewable energy integration and supporting a more resilient grid. Yashraj Khaitan, CEO of Polaris Smart Metering, and Shilpa Kumar of British International Investment both emphasized the importance of this investment for India's energy future.
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