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Polaris Smart Metering on Thursday said it has secured Rs 710 crore in financing for its arm Hooghly Smart Metering from British International Investment(BII), UK’s development finance institution and impact investor.
The financing will support the deployment of over 2.2 million smart meters in West Bengal, further strengthening Polaris’ Advanced Metering Infrastructure (AMI) footprint and contributing to India’s broader energy transition agenda, a company statement said.
