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Good morning Vas and tonyj,
Thanks for the information on Genus, Vas, but I think that this report is an order from September 2023. There is no date on the actual report. Only the " Latest News " reports at the side.
This from September 2023:-
http://projectstoday.com/News/Genus-Power-receives-LoA-for-oder-worth-Rs-224737-cr
But it is easily done.
Good Luck Vas and all.
LTI.
How are contracts awarded .1st....genus ....share price ....buy into news .........
Hi Tony,
What is strange is that if you conduct a specific search for " IntelliSmart Infrastructure" and "framework agreement" the only reference that comes up is the CyanConnode agreement.
Therefore, its likely that we have the only published Framework agreement with IntelliSmart relating to Smart Meters, out of all the smaller "sub contractors" that are aligned with IntelliSmart.
We are informed that most sub contractors are now waiting to be awarded any awards from the AMISPs but in Cyans case with IntelliSmart it is already a known, that there is a FA in pave, and IntelliSmart are regularly taking from it.
A far as Genus goes, I am unable to find any published awards to subcontractors from genus relating to S. meters - so yes, if we are still an integral part of Genus then they no longer need to make awards to CC, so to safe keep their supply as they can now manufacture Cyan's technologymore or less at will, and pay on the terms .
Maybe , (hopefully) this is why its gone quite on the Genus front.
The other unknown is have Genus actually burnt through the last order they announced with Cyan. I have no idea.
Someone else may know the likelihood of whether the original and last Genus orders are spent. GL Vas
Any confirmation on our continued relationship with Genus would be the same SP wise, as receiving a very large award IMO. GL Vas
Interesting Vas. Hopefully JC will cover Genus on his next video in detail. I have said before if we are part of Genus inhouse assembly then we will not be waiting for a contract but be part of their meter numbers. So what they get we get. Does that sound right to you. DYOR
LTI, just read your Intellismart. Was the meter displayed Cellular or RF. I was interested in the opening page regarding security and trustworthy suppliers. CC has been approved by GCHQ and I should imagine is up to date with all Cyber problems. From this particular aspect it could be CC is the most reliable and proven of all competitors.
Unless individual contracts for CC are mentioned by Intellismart could it be with all the wins that are taking place that CC has its Framework extended to say 20m units. DYOR
Another large smart meter award for Genus Infra, according to the date.
https://www.sharesbazaar.com/news/view/1041476
...... was published, dated March 2024:-
http://intellismartinfra.in/uploads/Other/intellismart--k-xchange-march-2024.pdf
An interesting piece of information on pages 3 and 4, which gives a breakdown of the various stages of the smart meter tender progress in India, as of March 2024. It highlights that 57% of the smart meters have already been Awarded, from the Sanctioned pot. Many of which, sub-contractors are waiting to be informed who have been successful.
Also on page 5, DGVCL gets a mention, which may be the CyanConnode order from August 2023 and on page 7 is a general snap-shot of the IntelliSmart projects, as of March 2024.
Good Luck all.
LTI.
Reading all of these suggested possibilities on BB from IPO downwards, I am wondering what major advances we may see from India and ROW in next 0ne to two weeks.
Hello Vas and all,
Vas, Adani Enterprices Ltd and Adani Transmission Ltd, both appear on the REC Empanelment List, along with L&T, which may be the Construction arm of the L&T business, which Schneider Electric did not aquire.
Adani Enterprises Ltd, has many outlets, in Solar Manufacturing, Edible Oils and Foods, Defence and Aerospace, Construction, Water and Mining.
http://www.adanienterprises.com
Adani Transmission Ltd, is now Adani Energy Solutions Ltd and is an Electric Power Transmission Company, that is currently one of the largest private sector power transmission companies operating in India.
http://en.wikipedia.org/wiki/Adani_Energy_Solutions
http://www.adanienergysolutions.com
Adani Energy Solutions is involved with Power Transmission, Power Distribution, Smart Metering, Cooling Solutions, Tech & Innovation and System Availability.
Interestingly, the Adani " Smart Metering " web-page, is at the moment " ..... under construction."
Good Luck all.
LTI.
Good afternoon Vas and all,
A useful piece of information, Vas. Thank you.
So L&T ( I will not provide the full name because the first word of L&T's name will be edited ) and L&G have both sold off their Smart Metering Divisions. L&T to Schneider Electric and L&G to Esyasoft.
Thank you for the other information Vas, it was very informative.
LTI.
Morning LT,
On further inspection i think that L&G demerged / sold ONLY the manufacturing division in India to Esyasoft .
This would make sense as Adani and Esyasoft do not manufacture smart meters, so this would bring in their own manufacturing division.
"Stable source of revenue due to demerger of loss making manufacturing unit
LGL’s revenue sources were from sale of meters and from sale of services in the form of consultancy and software development services. However, the company has demerged its loss making manufacturing unit. Currently, the company is generating its revenue from its service operations based on Noida and is only providing services to subsidiaries. Since, the service operation has always been profitable for LGL, the company is expected to generate profit from FY24 onwards."
https://www.careratings.com/upload/CompanyFiles/PR/202401120117_Landis_GYR_Limited.pdf
Good evening Vas,
And thank you for sharing the infornation on Esyasoft and L&G, it is appreciated. And slots in a piece of the puzzle that has for me, been missing for some time.
Namely, that L&G did not seem to be involved in the Indian Smart Meter roll-out, recently.
I had thought that despite the opportunities for meter manufacturers in India, that L&G were more inclined to smart meter opportunities in developed markets, rather than developing markets. So they could have been to expensive, in my opinion.
L&G did supply WBSEDCL ( West Bengal ) with smart meters for many years, but their last order in India, I believe, was during 2017/2018, for Tata Power ( TPDDL ). So the aquisition of Landis&Gyr by Esyasoft, may explain why L&G do not seem to be tendering for contracts in India, at this moment in time.
But thanks again Vas.
LTI.
Just to add a quote from the IHC report.
"
Esyasoft has actively engaged in strategic partnerships and
collaborations to enhance its capabilities. With the recent
acquisition of Landis & Gyr Smart Metering manufacturing in
India, Esyasoft is positioned to lead the utilities transformation
and accelerating decarbonization in the electricity, water and
gas sector.
A notable partnership is with ADANI India, where Esyasoft has
collaborated to deploy end to end smart grid solutions. This
joint effort combines ADANI’s infrastructure prowess with
Esyasoft’s Smart Grid capabilities, facilitating more efficient
energy distribution and management. The synergy between
ADANI’s extensive reach in the energy sector and Esyasoft’s
cutting-edge technology significantly enhances the efficiency
and effectiveness of energy distribution and consumption
monitoring.
Esyasoft has collaborated with leaders in the electric
vehicle (EV) charging, hydrogen infrastructure, and carbon
management sectors. These partnerships are geared towards
integrating the company’s smart metering and IoT solutions
with the emerging technologies in these areas. This integration
is key to supporting the transition to cleaner energy sources
and promoting sustainable practices in energy consumption"
Cheers Vas
Afternoon LT,
Thanks for the information.
Something I did not realise was that in Dec 2023 Esyasoft bought Landis and Gyr (India, or maybe the whole company) and the new company is called "Esyasoft Landis And Gyr Limited (ELAGL)"
https://www.legalentityidentifier.in/leicert/3358001IMNCP9MOBIQ16/
I only discovered this while reading International Holding Company’s (IHC) 2023 Sustainability
Report details the company’s Environmental, Social, and Governance (ESG) Strategy and highlights and i noticed they have Esyasoft as one of their indirect subsidiaries etc - see pages 12 and 23 for what they say about Esyasoft, big in EV charging also .
https://www.ihcuae.com/photo/plugin/guidebook/2024/1710400355_file_1.pdf
Just for info GL Vas
Good afternoon Vas,
Some information from 2022, that may be of interest, including some collaborations between CyanConnode/Esyasoft, up until 2022.
http://cyanconnode.com/wp-content/uploads/2022/05/Brochure-A4.pdf
CyanConnode and Esyasoft had collaborated on 5 smart meter projects up until May 2022, from what I can make out. Two separate projects for MPWZ in Indore. One project for TANGEDCO in Tamil Nadu. One project for HPSEB in Himachal Pradesh and one project for APDCL in Assam.
Esyasoft may have been involved in other contracts since 2022, like the Assam/IntelliSmart/CyanConnode contract, in connection with the Strategic Framework Agreement, but I have not checked as yet, so I cannot say for certain.
I hope this helps with some pieces for your jigsaw. It is interesting slotting the various pieces together.
Good Luck Vas and all.
LTI.
If there was an IPO for India who do you think would take the lead of a consortium. I recon Genus, Intellismart and a few other larger manufacturers to protect their interest. Also would they be happy with minority stake. Obs.
Afternoon LT and All
Interesting reading some of the Esyasoft case study's in central and northern India. Its hard to know for certain if Cyan were involved in these or not , anyone have an idea?
Example North India Case Study
"Outcomes
The results, post-investment, were nothing short of extraordinary:
Billing efficiency soared to 85%
The revenue in 10 months surged from USD 1.5 million to USD 2.5 million
ATC losses plummeted from 38.5% to a remarkable 9.6%
https://www.esyasoft.com/case-studies/smart-meter-deployment-for-a-north-indian-utility-a-transformative-success
GL Vas
Good morning Vas,
Thank you for posting the latest NSGM report, it is appreciated. The overall number of Sanctioned smart meters remains the same, at 22,22,64,571 ( 222,264,571 ) but the Awarded smart meters has increased by 3,548,348 so far this month, since 3rd April, 2024 update.
There are three main winners, in this update, so far this month and they are for projects in Jammu and Kashmir, Sikkim and West Bengal. Installations went up to 246,988 in April so far and the overall smart meter installations now stands at 10,570,045.
So steady progress is being maintained, I feel.
Good Luck Vas and all.
LTI.
Good morning all,
The idea of an IPO was mentioned/discussed on the 18th April 2024, by multibagger on ADVFN. An option with which I agree which sounds very attractive.
From multibaggers post, yesterday, on ADVFN:-
" With app of a Joint Broker, a large corporate event is likely to be in the offing in the next 4-6 months. I personally think that it could be an IPO of our Indian 100% owned subsidiary, with Cyan still retaining the majority/controlling stake once we have an even better order pipeline in India and/or MENA. Speculation on my part no doubt, but too many strategic moves and all closely temporarally connected to be a mere coincidence."
And it fits in quite nicely with what I mentioned a couple of days ago, about the new entity being established in the UAE " ..... to promote business in the MENA ( Middle East and North Africa ) region " and maybe CyanConnode were looking at " Post India " planning, even at this stage."
I remember when I first came to know Cyan, as it was known then, they just had an office on the out-skirts of Cambridge. Now CyanConnode have there head-quarters more towards the center of Cambridge, have an office in Gurugram, India and an office in Stockholm, Sweden.
So why not the UAE.
Good Luck all.
LTI.
Think it depends on what type of secondary offering ITT. As you say it's hard to underrstand why PG would be involved for a bog standard fund raise. My guess is whatever us going on The incumbents don't have the skillets to manage it. On that basis so e very interesting times to come over the next few weeks.
https://www.kotaksecurities.com/ipos/what-is-a-secondary-offering-ipo/
Or, a bog-standard fundraise.
Not sure why Panmure Gordon 'big guns' would be required for this.
Or, the IPO of some of CyanConnode India's shares.
Looking at the skill set of the Panmure Gordon team, my guess is that they've been brought in to deal with a secondary offering. For those that don't know, a secondary offering is described as follows:
'A secondary offering is not dilutive to existing shareholders since no new shares are created. The proceeds from the sale of the securities do not benefit the issuing company in any way. The offered shares are privately held by shareholders of the issuing company, who may be directors or other insiders (such as venture capitalists) who may be looking to diversify their holdings. Usually, however, the increase in available shares allows more institutions to take non-trivial positions in the issuing company which may benefit the trading liquidity of the issuing company's shares.'
Time will tell.
GL
ITT
Morning, with Genus not costing CC anything in production if the agreement still exists and if sentiment is there for getting large Indian orders then may be the new broker is not for placing but a rerate. If so, without backup knowledge I would be inclined to look at 30>40>50p in early stages an orders develope. DYOR