GMR Power and Urban Infra Limited (GPUIL) announced on July 24 that its subsidiary GMR Smart Electricity Distribution Company has been awarded a Rs 7,593-crore smart metering project in Uttar Pradesh. The project has been funded by the government of India's Revamped Distribution Sector Scheme (RDSS).

"A prestigious order worth Rs 7,593 crore has been awarded to subsidiary GMR Smart Electricity Distribution Pvt. Ltd." The order, which was received under the DBFOOT (Design, Build, Finance, Own, Operate, and Transfer) model, entails 75.69 lakh prepaid smart metres across two discoms, Dakshinanchal Vidyut Vitran Nigam Limited (DVVNL) and Purvanchal Vidyut Vitaran Nigam Limited (PuVVNL), making it the largest combined package order of its kind, according to the company.

The project will cover 22 districts, including prominent areas such as Varanasi, Prayagraj, Agra, Mathura, and Aligarh.

"These wins underscore GMR's commitment to pivot into green and technology-based energy business with customer-centric growth strategy," said Srinivas Bommidala, Chairman - Energy, GMR Group. GMR Group enters the B2C business in the power sector on a large scale with this mandate, creating value for GPUIL shareholders. We see this as a good start for our Energy 2.0 strategy of new growth business areas in the power sector, and we have plans for additional initiatives in this space."