Reliance Industries Ltd (RIL) is looking to tap the smart electricity meter market. It aspires to grow its Jio business by providing communication cards, telecom, meter data collection, and cloud hosting services to electricity distribution companies (discoms), according to some sources. Meanwhile, the Indian Government is busy implementing the world’s largest electricity smart meter program so as to cut distribution losses. RIL is looking to reap benefits from the program under way. India is looking to swap 250 million traditional meters to help increase yearly revenues of discoms to ₹1.38 trillion.
The Conglomerate is eyeing the Advanced Metering Infrastructure (AMI) business. It is looking ways to provide these services by means of Narrow Band-Internet of Things (NB-IoT). Designed by 3GPP, a standards association, NB-IoT is a low-power wide-area network radio technology standard. It allows a wide range of cellular devices and services. For transfer of energy usage information and near real-time gathering, smart meters need a two-way communication network, control centre equipment and software applications. Smart meters curtail human interference in metering, billing and collection. Ultimately, this helps reduce theft by recognizing loss pockets.
RIL’s digital solutions subsidiary, Jio Platforms Ltd, has produced noteworthy proficiencies in domains such as data analytics, artificial intelligence and machine learning, cloud and edge computing, blockchain, and internet of things (IoT). India goes through almost 22% aggregate technical and commercial (AT&C) losses. As per many analysts, the Indian power sector is undergoing a solid transformation towards digitization. To reduce losses, the government has been looking to leverage smart meters.