Polaris Smart Metering Secures $80M Financing From British International Investment

Why It Matters

The infusion of development finance accelerates India’s smart‑grid rollout, enhancing grid efficiency and supporting the country’s renewable‑energy targets, while positioning Polaris as a leading player in the rapidly growing Indian metering market.

Deal Summary

Polaris Smart Metering Private Limited raised Rs 710 crore (≈$80 million) from British International Investment for its subsidiary Hooghly Smart Metering Private Limited. The funding will support deployment of over 2.2 million smart meters in West Bengal and expand the company's advanced metering infrastructure across India.