🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
GMR Smart Electricity Distribution Gets Rs 7,593 Crore Order For Smart Meter Installations In UP
OutlookIndia
·
2m ago
Medial
GMR Smart Electricity Distribution Company, part of GMR Power and Urban Infra Limited, has received a Rs 7,593-crore order for a smart metering project in Uttar Pradesh. The project, secured under India’s Revamped Distribution Sector Scheme (RDSS), involves installing 75.69 lakh prepaid smart meters across 22 districts, including Varanasi and Agra. It marks GMR’s significant entry into the B2C power sector, highlighting a shift towards green, technology-driven energy solutions.
View Source
1
Related News
Smart meters lure PE to India’s power sector
Livemint
·
1m ago
Medial
India's smart electricity metering initiative presents a promising investment opportunity for private equity firms, with the government planning a $30 billion investment to install 250 million smart meters. The sector has traditionally been dominated by government-run utilities, but recent investments signal a shift. For example, Actis invested $200 million in a joint venture with EDF India to deploy smart meter infrastructure. The structured rollout has bolstered investor confidence and potential for long-term returns.
View Source
A power utility is reporting suspected pot growers to cops. EFF says that’s illegal.
Arstechnica
·
17d ago
Medial
The Sacramento Municipal Utility District (SMUD) is accused of illegally sharing electricity usage data with law enforcement, flagging over 33,000 Sacramento-area residents for suspected cannabis growing. The Electronic Frontier Foundation (EFF) filed a court motion, arguing that this practice violates privacy rights. SMUD's analysis uses smart meter data to detect high electricity usage, which they associate with illegal activities. The EFF claims the data-sharing, resulting in significant penalties, disproportionately affects Asian property owners.
View Source
GMR Airports' subsidiary completes 70% stake purchase in group co
Economic Times
·
1m ago
Medial
GMR Airports Ltd's subsidiary, GMR Hyderabad International Airport Ltd (GHIAL), has completed the acquisition of a 70% stake in ESR GMR Logistics Park Pvt Ltd, enhancing its airport-based industrial and warehousing assets. GHIAL, which already held a 30% stake, acquired the additional shares for over Rs 41 crore. This strategic move aims to strengthen GMR's logistics capabilities in Hyderabad. Following the announcement, GMR Airports' shares rose 1.44% on the BSE.
View Source
GMR Group secures Rs 6,300-crore investment from Abu Dhabi Investment Authority
Money Control
·
9m ago
Medial
The GMR Group has secured a Rs 6,300-crore investment from the Abu Dhabi Investment Authority for its structured debt instruments. The completion of the transaction is subject to conditions precedent and regulatory approvals. Once completed, the proceeds will be used to refinance the external debt of GMR Enterprise Private Ltd (GEPL), reducing the GMR promoter group's pledge on its shareholding in GMR Airports Ltd (GAL). This investment further strengthens the UAE's position as a major investor in India's airport infrastructure space.
View Source
I Squared Capital's smart metering firm bags another big-ticket contract
VCCircle
·
1y ago
Medial
I Squared Capital, a global private equity fund, has secured a significant contract to install smart electricity meters in West Bengal. This initiative by the Indian government aims to reduce losses faced by power distribution companies in the region. The contract marks a significant breakthrough for the company in the field of smart metering.
View Source
Big Tech wants to plug data centres right into power plants; Utilities say it's not fair
Economic Times
·
6m ago
Medial
Tech giants are striking direct deals with power plants to fuel energy-hungry data centers, bypassing the traditional electric grid. This trend raises concerns about fairness, potential energy diversion from regular consumers, and the long-term impact on electricity pricing. The Federal Energy Regulatory Commission (FERC) is assessing these "behind the meter" deals, exemplified by Amazon’s agreement with Susquehanna nuclear plant. The outcome could set a precedent for future energy distribution and big tech energy consumption strategies.
View Source
Zomato gets Rs 11.82 crore tax demand notice
Economic Times
·
1y ago
Medial
Food delivery platform Zomato has been issued a tax demand and penalty order of Rs 11.82 crore ($1.6 million) related to Goods and Services Tax (GST) on exports services provided to its subsidiaries outside of India. The company plans to appeal against the order, stating that it believes it has a strong case. The order, issued by the Additional Commissioner of Central Goods and Services Tax, Gurugram, asserts a GST demand of Rs 5.9 crore ($800,000) with applicable interest and a penalty of the same amount. Zomato has clarified its position and provided supporting documents in response to the authorities' allegations.
View Source
Torrent Power wins ₹1,540-crore bid for 306 MW solar power project in Maharashtra
Thehindubusinessline
·
1y ago
Medial
Torrent Power has received a Letter of Award from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to set up a 306 MW grid-connected solar power project in Maharashtra. The ₹1,540 crore project will be implemented across 48 locations in Nasik district under the MSKVY 2.0 scheme. The project aims to provide stable daytime electricity to agriculture consumers through decentralised solar power projects. Upon completion, Torrent Power's renewable capacity will increase to 3 GW in the next 18-24 months.
View Source
Tata Power to invest ₹1.2 trillion in Rajasthan for power distribution, transmission and green transition | Mint
Livemint
·
10m ago
Medial
Tata Power has signed a MoU with the Rajasthan government to expand its renewable energy presence in the state. The agreement includes initiatives such as solar module manufacturing, EV charging infrastructure, nuclear power, and rooftop solar installations. Tata Power plans to invest Rs 1.2 trillion, with Rs 75,000 crore allocated to renewable energy projects, including 10 GW of capacity. The company will also invest in upgrading transmission and distribution infrastructure and establishing 100,000 EV charging points. The initiative aims to support Rajasthan's transformation into a power surplus state and create over 28,000 direct jobs.
View Source
Zomato gets Rs 4.59 crore tax demand notices
Economic Times
·
11m ago
Medial
Food delivery platform Zomato has received GST tax demand orders exceeding Rs 4.59 crore from Tamil Nadu and West Bengal authorities. The company plans to appeal against the demand. Tamil Nadu issued an order for GST of Rs 81,16,518, plus applicable interest and penalty, while West Bengal issued an order for GST of Rs 1,92,43,792, along with interest and penalty. Zomato stated that it has provided clarification along with relevant documents, and believes it has a strong case to defend the matter. The company does not anticipate any financial impact.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
