Uttar Pradesh has moved from prepaid billing to postpaid for smart electricity meters, but the shift is limited to individual domestic consumers. The UP department helpline clarified that apartment and society residents will not switch and will continue with the existing prepaid system. The update may ease billing for standalone households while multi-unit complexes retain current prepaid operations.
Uttar Pradesh has reversed course on smart electricity meters, scrapping prepaid mode and moving consumers back to postpaid billing. Under the new system, households will receive monthly bills with a 15 day payment window, aiming to address public complaints and protests. The change is expected to reduce sudden top-up pressure and improve consumer predictability on monthly power costs.
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Smart grid startup Kimbal Technologies has raised $22 million in a Series B led by GEF Capital Partners, with support from existing investor Niveshaay. The funding will expand product development across power quality, energy management, and battery storage, strengthen its AMI business and manufacturing, and fund international growth. Total funding now stands at $27 million, with over 1 crore endpoints deployed.
I Squared Capital is preparing to exit its stake in Polaris Smart Metering, hiring an investment bank to manage the sale. The company is valued at about $200 million and has secured smart meter installation contracts in Uttar Pradesh and West Bengal. Polaris also recently raised financing from British International Investment, adding momentum as the exit process begins.
Adani Energy Solutions Limited reported a 32% year-on-year jump in adjusted full-year profit to ₹2,393 crore for FY ending March 31, 2026. The company also delivered record performance with EBITDA of ₹8,726 crore, driven by execution in transmission and smart metering, alongside commissioning of key infrastructure projects. Its smart metering rollout reached 1 crore installations.
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