📷 Image: Wikimedia Commons / CTIO//NOIRLab/NSF/AURA/D. Munizaga
Business
JSW Energy, Gemstar and Actis compete for Polaris smart‑metering contract
✍️ The Economic Times
🗓 12 Oct 2026, 08:01 AM
👁 17
JSW Energy, Gemstar and private‑equity firm Actis are bidding to supply Polaris’s smart‑metering solution, signalling heightened competition in India’s energy‑tech market.
Three major players in India’s power sector – JSW Energy, technology integrator Gemstar and private‑equity group Actis – have entered the bidding round for Polaris’s upcoming smart‑metering rollout. The firms are vying to become the preferred supplier for the project, which aims to install advanced meters across a large utility network.
Industry observers note that the contest reflects growing interest in digital grid solutions, as utilities seek to improve billing accuracy, reduce losses and enable real‑time consumption data. Winning the contract would give the selected company a foothold in a market that the government is encouraging through subsidies and regulatory support.
While the exact timeline and financial terms have not been disclosed, the involvement of both a traditional power generator (JSW Energy) and a private‑equity investor (Actis) underscores the blend of capital and technical expertise required for large‑scale smart‑meter deployments in India.
Industry observers note that the contest reflects growing interest in digital grid solutions, as utilities seek to improve billing accuracy, reduce losses and enable real‑time consumption data. Winning the contract would give the selected company a foothold in a market that the government is encouraging through subsidies and regulatory support.
While the exact timeline and financial terms have not been disclosed, the involvement of both a traditional power generator (JSW Energy) and a private‑equity investor (Actis) underscores the blend of capital and technical expertise required for large‑scale smart‑meter deployments in India.