Adani Energy completes ₹3,050-crore acquisition of smart metering firm IntelliSmart

Adani Energy Solutions Ltd announced Friday that it has fully acquired IntelliSmart Infrastructure, a leading player in smart metering technology, in an all-cash transaction valued at ₹3,050 crore. The deal encompasses the purchase of 100 per cent equity stake in IntelliSmart from both the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL), alongside redemption of optionally convertible debentures held by NIIF.

IntelliSmart Infrastructure specializes in deploying advanced metering infrastructure (AMI) for electricity distribution across India and operates a portfolio of smart gas meters nationwide. The acquisition strengthens Adani Energy's capabilities in the critical smart metering segment, which has emerged as a strategic priority for utilities seeking to modernize grid operations and enhance billing efficiency.

The Competition Commission of India granted regulatory approval for the transaction on October 30, clearing the final hurdle for completion. This move underscores the Adani Group's continued expansion into core infrastructure segments, particularly in energy services and technology-driven utility solutions that support India's ongoing power sector modernization.