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VERIFIEDET Markets·neutral
Adani Energy Solutions’ IntelliSmart deal seen a costly but timely bet
AI Summary
- ·Adani Energy Solutions acquired IntelliSmart Infrastructure for ₹3,050 crore.
- ·The acquisition aims to expand Adani Energy Solutions' presence in the smart meter market.
- ·The deal is timed with the government's planned deployment of smart meters.