Polaris raises Rs 710 crore from BII for West Bengal smart meters
Polaris Smart Metering Private Limited has secured financing of Rs 710 crore, or around $80 million, from British International Investment (BII) for its subsidiary Hooghly Smart Metering Private Limited. The funding will be used to deploy more than 2.2 million smart meters across West Bengal and expand Polaris’ advanced metering infrastructure presence. Polaris, backed by I Squared Capital, provides integrated smart metering services covering manufacturing, deployment, communications infrastructure, and software solutions. The company said its…