Apraava Energy secures Rs 800 crore for AMI expansion

Apraava Energy has raised Rs 800.9 crore from British International Investment (BII) and Standard Chartered to expand its Advanced Metering Infrastructure (AMI) portfolio. The company signed a Rs 400.5 crore agreement with BII and a Rs 400.4 crore agreement with Standard Chartered.

The funding supports Apraava’s smart metering rollout under the Revamped Distribution Sector Scheme (RDSS). India plans to install 250 million smart meters by 2026 to cut losses and improve distribution efficiency. Apraava aims to deploy about 7.8 million meters and has already achieved key RDSS milestones in Assam and Himachal Pradesh. The new facility will help install about two million more meters.

BII and Standard Chartered said the investment aligns with their focus on India’s energy transition and improved grid performance.

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