Adani arm to form JV with UAE-based company for smart metering projects

Adani Transmission Step-Four will form a JV with UAE-based Esyasoft Holdings (EHL) to execute smart metering initiatives in India & abroad
Adani arm to form JV with Esyasoft Holdings for smart metering projects
Adani arm to form JV with Esyasoft Holdings for smart metering projectsEnergy Watch

New Delhi: Adani Energy Solutions announced on Wednesday that its subsidiary, Adani Transmission Step-Four (ATSFL), will establish a partnership with UAE-based Esyasoft Holdings (EHL) to execute smart metering initiatives in India and other countries.

Adani Transmission Step-Four to hold 49% stake in JV

ATSFL and EHL would hold a 49 percent and 51 percent shareholding, respectively, in the proposed joint venture with equal participation in the board of directors of the company, according to a regulatory filing.

The filing said Adani Energy Solutions through its wholly-owned subsidiary ATFSL has entered into a definitive agreement on December 26, 2023 for the formation of a 49:51 JV with EHL to implement smart metering projects in India and globally.

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The agreement has been entered into to enable, inter alia, licensing by EHL to intellectual property rights (IPRs) of software products/solutions for smart meters and other industrial applications and further development of such products/solutions by a joint venture company of ATSFL and EHL, it stated.

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