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Started: Longterminvstor, 19 Jun 2024 09:39
Last post: Longterminvstor, Today 14:15
Good afternoon Vas, tonyj, gizmo and all,
You are welcome Vas and thank you for the clarification on the smart meter numbers, it is appreciated.
With the development of DigiSmart, I would like to think/hope that there is a possibility for CyanConnode, through DigiSmart, to be involved as an AMISP, within the contracts that are under the " Awarded " process at the moment - 106m to 110m. As well as being considered as an SI, as we are at the moment.
But as we have been informed, that may be some month's off yet.
Thanks again Vas and Good Luck all.
LTI.
Hi Lti ...... Maybe. he's very busy....executive assistant .
Hi Lt,
Sorry my mistake. The numbers i was referring to where on the extra Q&A document and for 70-80 million.
"Digismart is now qualified to participate in tenders with an overall scope of 70-80 million smart meters (yet to be
tendered). We can also participate as an SI and get a pie of the 110 million smart meter order that have been awarded but are yet to be executed. This substantial pipeline significantly enhances CyanConnode's business prospects in India"
Sounds like the 110 million meters already awarded could be sooner rather than later. GL Vas
You could well be right LTI. I got the impression that our new AMISP status was for the next round but maybe just maybe they were waiting for the Digismart approval this time. Could be an interesting couple of weeks. DYOR
Good afternoon Vas and you are welcome.
I agree, that CyanConnode not only seem to be confident about the DigiSmart development, but also about the opportunities that this development may lead too.
As we are aware, the Indian Smart Meter Programme, is in some ways, as far as deployment is concerned, is just coming under starters orders. So plenty to go for and develope.
I remember a reference to the " ..... 60/70 million ....... " opportunity, but you will have to remind me on where I can find it, Vas.
But according to the latest NSGM figures I posted recently, there have been approximately 222.5 million smart meters Sanctioned - approximately 117.5 million smart meters Awarded - approximately 11.6 million smart meters installed. So that leaves approximately 106 million smart meters that are in the process of being allocated to an AMISP/SI.
Which is good news for all involved, including CyanConnode, in one way or another.
Take care and Good Luck Vas and all.
LTI.
Started: Longterminvstor, 19 Jun 2024 10:10
Last post: Longterminvstor, 19 Jun 2024 10:48
Good morning all,
There seems to have been a new contract Sanctioned and Awardedin Assam, APDCL, for 186,255 meters. Which is the second smart meter installation for Purbanchal Enterprise, as an AMISP/SI, in Asaam for APDCL.
Good Luck, all.
LTI
....... report - 12th June, 2024, has been published:-
http://nsgm.gov.in/en/sm-stats-all
LTI.
Started: Vascular, 15 Jun 2024 12:04
Last post: Longterminvstor, 19 Jun 2024 09:07
Good morning, Vas.
Thank you for your reply, it is appreciated. But a very similar reporting format.
Thanks Vas,
LTI.
Morning LT,
I have not found any connection between Salzer and Genus. Sorry. GL Vas
Sorry, should read " Salzer Electronics."
LTI.
Good afternoon Vas, tonyj and all,
Thank you for the additional information Vas, on Saltzer Electronics, it is appreciated and interesting that they have a similar target market, in some areas, to CyanConnode, as you have indicated.
DigiSmart, Saltzer Electronics and Rays Power, were all empaneled around the same time and I passed on some information on each of the Companies on 23/05/2024.
But the report that you posted containing various pieces of information, from Saltzer Electronics, seems to follow the format used by Genus Power , for their " Earnings Conference Call " reports.
Are they connected in some way, do you know?
Thanks again Vas.
Good Luck all.
LTI.
Well Vas, I think there is an anticipation here. I recon these contracts are about to be signed off. How many we get is yet to emerge but I feel as we are in for so many then 25% minimum would do us well and with AMISP our credibity is probably sky high. DYOR
Started: Colourbounce, 13 Jun 2024 10:30
Last post: tonyj, 13 Jun 2024 17:07
Colour, the video was pretty good. The content covered most questions. Of course we bring up questions that possibly can't be covered. I think they now have a shot at the big time. We'll know in a few months, in the meantime we have all those contracts being considered in the coming weeks.
Does it take CC to cut out all the drivel from the Q&A video?
Started: Longterminvstor, 12 Jun 2024 21:01
Last post: Longterminvstor, 12 Jun 2024 21:01
........ has published a report by Mr. Sunit Raj, Senior Project Manager at CyanConnode, on transforming India's energy sector with RF smart metering, which may be of interest.
http://x.com/CyanConnode_Ind/status/1800427294542254201
Good Luck all.
LTI.
Started: Longterminvstor, 11 Jun 2024 13:38
Last post: Longterminvstor, 12 Jun 2024 10:33
Good morning tonyj, Vas and all,
No problem tonyj.But as John has already indicated, in answer to your " How do you see AMISP working for CC ...... ", CyanConnode will judge these opportunities on a case by case basis. Sorting out which is the best way forward, both strategically and operationally, for CyanConnode.
And I see the CyanConnode AMISP empanelment, as an opportunity to demonstrate the overall Project Management skills and experience which the Company has accumulated over the years, especially in India.
And may even extend CyanConnode's Company Profile, in the process. Which I see as another plus, for the Company.
Take care tonyj and all.
LTI.
Sorry,
meant to say "will not provide any cellular services"
Evening Tony and LT,
My limited understanding is that Cyan can now work with both RF and Cellular meters, and i think its something to do with the Head End System ( HES) now being able to work with either....so Cyan will no provide any cellular services themselves, but can work with other cellular company services...to provide RF , cellular or both , as required.
As an AMISP i do not know, but I assume there must be large savings / increased profits / room to offer a more competitive price / costing in a tender if supplying the RF direct to customer.
Wasn't it Airtel that won a twenty million meter contract for a cellular solution in India, was it with IntelliSmart!...but its highly likely they are going to need RF , RF and cellular solution for a significant percentage of meters - so to get the the SLAs . Gl Vas
Thanks for that LTI. That is a pity, a lost opportunity unless CC has plans for it later. There is no point in developing a private Cellular system for it not to be taken up. Does this come down to the big boys having the power over Cellular. How do you see AMISP working for CC, in the cas of say INDORE,unless everything in contract is RF how does CC deal with any part of a Cellular contract. Probably a straight forward answer but baffling to me.
Good afternoon tonyj,
Thank you for the clarification on the point that you raised.
As I understand it, CyanConnode will not be providing the Cellular network as such. Just an RF solution/module that is compatible with Cellular. The Cellular Network will be provided by a regular Certified, Cellular Provider.
http://cyanconnode.com/cyanconnode-launches-cellular-metering-products/
From the CyanConnode report:-
" The expansion of the Omnimesh range of products, with Cellular capability, will both compliment RF Mesh connectivity and further increase the functions of the communication solution, to meet market demands."
So I see the Omnimesh Cellular products, as an RF solution that is provided as an addition to an existing Cellular Network, both in India and globally.
I hope this helps.
LTI.
Started: tonyj, 10 Jun 2024 10:21
Last post: tonyj, 11 Jun 2024 11:12
Morning LTI, when we have seen lists come up on Sanctions, some are certified for RF and some for Cellular and get the other certificate. In the past we have been told CC does not deal with Cellular, I think you have mentioned it, however CC developed this capability but we were still told it was not CC's province. Now we are AMISP capable which means I take it issuing contracts for both elements. Yet we are told only certified for RF AMISP, apart from being confused what does that mean, we can deal with all comers or only RF jobs, if so what happens when the job requires Cellular.
Good morning tonyj and you are welcome. But what is, the " .... Cellular certificate .... " that you mentioned?
LTI.
'This empanelment allows Digismart to engage directly in significant projects, further integrating CyanConnode's advanced RF technology into critical infrastructure projects across India.'
tonyj you are correct.
Thanks for that LTI, you are most probably correct. I have been trained to look for other positive outcomes. I was just thinking most installs are now a mixture of RF/Cellular, so must be capable of both installs not just supply. Probably getting carried away.
Good morning tonyj and all,
Prime Minister Modi has, as you have indicated, won the India General Election, but with a reduced majority and no overall majority. But he has won. So there will need to be some ongoing negotiations, to get things done. Unlike the last two Indian Parliaments when the BJP had an overall majority.
On your other point, about CyanConnode trying for a Cellular certificate, because of the new responsibilities that being an AMISP brings, I am not sure that they have to, as I do not see CyanConnode providing Cellular only. The Company that supplies the Cellular, should be fully compliant.
And as CyanConnode launched their Cellular/RF Metering Products during 2018 and have been supplying Omnimesh RF/Omnimesh Cellular Modules since 2021 in India, I would imagine that all the accreditation was in place that is required, before the AMISP accreditation was issued.
But we will have to wait and see if anything else is required, as time goes on.
I hope this helps.
LTI.
Started: Longterminvstor, 7 Jun 2024 12:08
Last post: Longterminvstor, 9 Jun 2024 12:21
Good afternoon gizmo and all,
You are welcome and hopefully there will be more information to follow over the coming weeks/month's from CyanConnode, on other contracts, both ongoing and potentially future contracts.
Could be an interesting Summer. And to quote Buzz Light-Year, " ...... and beyond."
Enjoy the rest of your week-end gizmo and all.
LTI.
Hi Lti ....impressive timeline 1st to 100.000...
..... are celebrating the installation of 1 lakh smart prepaid electric meters in Bihar:-
http://x.com/Intelli_Smart/status/1798943310792577454
It seems that it could be part of the CyanConnode order received from IntelliSmart during October 2023, for 300,000 Omnimesh Module, for South Bihar.
Good Luck all.
LTI.
Started: Vascular, 6 Jun 2024 20:00
Last post: Vascular, 8 Jun 2024 20:30
Hi Tony,
Its interesting. UniBiz bought Sigfox for around $25 m a year or two ago. They have managed to improve the technology.
This contract comes off the back of this, i think.
Such as "UnaBiz upgrades Sigfox 0G Technology, reducing device energy consumption by up to 18X"
https://www.sigfox.com/unabiz-upgrades-sigfox-0g-technology-reducing-device-energy-consumption-by-up-to-18x/
Hello Vas. Yes i thought Sigfox was finished. Could it be on this occasion it was their original equipment they were upgrading and cheaper to let them do it or may be part of original contract.
Potentially the largest LPWAN deployment project outside of China
Despite being nearly written off, Sigfox's success with this project, covering over 15 million meters, highlights the resilience of the Sigfox network operator ecosystem and the strength of its smart water meter technology.
https://www.linkedin.com/feed/update/urn:li:activity:7204423005500821504/
Started: Vascular, 7 Jun 2024 12:14
Last post: Vascular, 7 Jun 2024 12:14
They showcased their latest solutions at GITEX AFRICA .
With John Cronin posting this comment "An impressive stand. Well done Team".
https://www.linkedin.com/feed/update/urn:li:activity:7203755687758225408/
https://www.linkedin.com/showcase/gitexafrica/
ESYASOFT , it seems were placed at the Sirius International Holding Stand. Sirius International Holding, based in Abu Dhabi, is a subsidiary of IHC !
And as we know Adani Energy Solutions Formed a JV With IHC-Backed Esyasoft To Expedite Rollout Of Smart Meters in December 23.
If nothing else this may tentatively ties Esyasoft, Adani and Cyan in some sort of team.
The Indian elections will soon be digested and history and hopefully business and award news back to normal.
Started: Longterminvstor, 6 Jun 2024 13:57
Last post: Longterminvstor, 6 Jun 2024 14:20
Good afternoon all,
According to the latest published IntelliSmart K-Xchange Newsletter, there have been:-
- Tenders Awarded for 107,900,000 smart meters.
- Tenders L1 Decided and LOA under Process for 30,000,000 smart meters.
- Tenders under Evaluation for 40,900,000 smart meters.
- Tenders for Ongoing Smart Meters for 12,180,063 consumers. ( All the Ongoing Tenders had a due date for completion by 23/05/2024 ).
Good Luck all.
LTI.
..... newsletter, published April 2024:-
http://intellismartinfra.in/uploads/Other/intellismart--k-xchange-april-2024.pdf
Good Luck all,
LTI.
Started: Colourbounce, 5 Jun 2024 07:14
Last post: gizmo555, 6 Jun 2024 10:42
Intellismart ...Tata ....interesting news
Morning colour, not quite sure what you getting at there. There are several contracts in Assam.
Accolades to Kavinder Kohli, our Leader of Customer Success, for representing Kimbal and giving a keynote presentation on Kimbal’s story of successfully deploying 700k smart meters in Assam at the 7th Edition of Metering in India event organized by Power Line Magazine, Smart Utilities, and India Infrastructure Conferences
The presentation provided the esteemed attendees with a deeper understanding of the most critical challenges we encountered during the deployment. It also highlighted the successful strategies we implemented to overcome them, instilling confidence in our field-proven experience. Building on this, Kimbal is currently deploying 8 million smart meters, along with RF-mesh communication infrastructure and Head-End Systems nationwide.
May 30,2024 BSE limited national stock
Good afternoon Vas and all,
Personally, I think you are very close, with your 12:42 post yesterday. It all depends on what an individual is trying to convey and the information that they want to/are able to give out.
If I might suggest, as an example, a project that has no Awarded contracts, as yet, to try to make my point.
- TANGEDCO/Tamil Nadu has 30,000,000 Sanctioned smart meters.
- A potential/possible 3m smart meter contract is Awarded, of which CyanConnode receive potentially, an order for 1.5m Omnimesh RF Modules.
- That is 1 contract Awarded, for 10% of the overall opportunity in Tamil Nadu, of which CyanConnode receives 50% of the smart meter contract, but only 5% of the overall opportunity in Tamil Nadu, but only 0.6% of the total number of circa 250m smart meter opportunity in India.
Personally, I will leave it up to John and Heather to sort it out and what goes where.
I hope this helps.
LTI.
That surprised me somewhat, delays in sub contractor news could be down to how the sub contractor have been asked to structure their bids. There are some potentially large multi million unit awards on offer with the main contractors looking to squeeze the best deal for themselves as possible.
As JC said in the presentation, in his opinion, the elections have no bearing on the delay of contracts being awarded to subbies.
Morning all. I think we have lost sight of the current. We are awaiting the outcome of the awards allocation, presumaby after election resuts which I seem to remember is 4th June onwards. Our AMISP probably does not kick unti next round but this lot has not been awarded yet. I would say though that no matter how these SPVs are formulated CCs presence and capabiity is surely now beyond doubt to those currenty looking for reliable subs. DYOR
Started: Vascular, 2 Jun 2024 19:46
Last post: gizmo555, 2 Jun 2024 21:52
Hi vascular .....GMR smart meter arm looking to raise £100-£150 million .....
Https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1993038#:~:text=REC%20Limited%2C%20a%20Maharatna%20Central,Electric%20Vehicles%2C%20Battery%20Storage%20and
Started: Colourbounce, 1 Jun 2024 13:21
Last post: Inthetin, 2 Jun 2024 10:17
Hi tonyj
I'm not saying that the company needs cash to keep going.
I'm saying that the company will need to persuade infrastructure funds to invest in the SPVs to get them off the ground. They can't just rock up to Barclays on Cambridge High Street and ask for a loan.
It is a case of persuading, based on each specific project. There's no guarantee that backers will be found but I hope that they are.
Oh ITT, agast. If we needed financial support surely Heather would have said so if it was that obvious, otherwise it would be deemed misleading. Listening to qa I understood under the new set up money would be coming from the banks on a trickle feed monthly basis. Also there would be larger contracts issued. DYOR
Hi tonyj
We've been told that that Cyan's first SPVs will be set up in FY25 (i.e. by 31/03/2025 - 6 to 9 months JC said). The cash will need to come from someone because we haven't got it.
Sorry to disappoint you but my SIPP money now going into another Cambridge-based tech company.
Enjoy the sunshine.
What's that all about ITT. Our SPVs are not until the next round. We are lowly subs at present. I am sure Modi will continue (is it the 4th June) so we could have fair chunk of these contracts, plus existing and extentions of them, plus in coming months a pitch at these new AMISPs, plus if I remember rightly bigger sized initial contracts (especially if we are doing the awarding); also if we are shortly capable Private Cellular Network, hopefully next AMISP approval, then there is not much else we can achieve. Take that all on board and we could be looking at a £bn(s) company. Hang on to your ever growing SIPP, lol. I wonder if there will be a new look at UK with the 4G problem, at this stage CC could may be save UK money. dyor.
There are 200 dollar billionaires in India. Surely one of them would be interested in one of JC's SPVs.
Cold call one billionaire per each working day and he'd have spoken to them all by the end of FY25.
And then its on to the poor gals & guys who are only worth 100's of millions of dollars.
Started: Longterminvstor, 30 May 2024 07:37
Last post: gizmo555, 30 May 2024 19:52
3 qualify for puducherry smart meter
...... namely Mr. Shriprakash Tyagi - Senior Vice President/Sales - has presented at the 7th edition of Metering in #India, highlighting how CyanConnode is pioneering smart metering communications.
http://x.com/CyanConnode_Ind/status/1796125861860561107
Good Luck all.
LTI.
Now don't get ratty Colour. This is the nearest you have got to making money (or not). One more day.
Good to see the Utility making something from Omni, CyanConnode make sweet FA.
Well Colour to me it means making a presentation which at the time could mean a lecture in as much as CC has said it can deal with all forms of Smart Comms from any supplier and meet all requirements of Utilities. I hope he highlights INDORE as the Utility and GOI praised its success. Very important was the fact that the Utility was making money from the beginning of installs.
Started: Colourbounce, 30 May 2024 09:42
Last post: Inthetin, 30 May 2024 15:56
Can only sell £4K worth (50K shares) at a time with AJB.
Obviously, no big demand out there.
Equally ITT, follow the 1m buy yesterday. Keep going,LOL.
Or sell now and follow the gal/guy who just sold 200K shares.
As I see it, decision time, buy before q&a and sell back if not impressed or be pleased you got in early before no shares available. DYOR.
Only a thought.
Colour, I just want to know when we are going into profit. Hopeful?. There is too much going on for the average punter. Staff are not just moving around CC . JC has a good knowledge of industry and all the staff movements in India appear to be Indian and are probably making all the moves, so no advantage in changing group CEO.
Most AIM companies come and go, often through CEOs not qualified in the area. JC probably took on more than he could handle in Smart field but he got us to where we are. Could not get much further up the India slippery pole. Hold your breath until tomorrow.
Started: Longterminvstor, 28 May 2024 18:38
Last post: sandgrounded, 30 May 2024 15:46
The average weighted share price seems to be around the 8p mark. Could we be entering a j/v based on this?
Sorry jake. I think speller took over.
Hello Jane. I am pleased you got a satisfactory response. You would have soon said if not. Will I be seeing any buys from you before q&a.
I have received a response to my email and on the basis of the content it seems a reasonable explanation. I'm unsure if it will be covered of in the meeting, however if someone were to send in the question I am sure it would help.
That's a corker. 1.5m bought and sp moves 0.62%. I would not be surprised if a few more got in before Friday. Afterall something big is in the air.
Colour, you might just be right, LOL.
If this opens up a whole new and massive field there won't be enough shares to go round, most being locked away with large holders and many with with LTIs. I recon the funds are there for this change or they would not have ventured there. Probably its a good chance for JC to make CC his £bn company. DYOR.
Reckon so, it'll be up to your £5 in no time.
Doh... DYOR
Buy price, are the dealers attempting to build for Friday. DYOR
Started: Longterminvstor, 24 May 2024 16:17
Last post: Longterminvstor, 28 May 2024 18:26
Good Vas and all,
Had an afternoon ten-pin bowling this afternoon, very enjoyable.
But as you rightly pointed out Vas, in your 11:14 post, Ratna has been active in both Companies since October 2023. So as you have also confirmed, neither Company has acknowledged his transfer from CyanConnode to NCC Ltd. So far.
Maybe it suits all parties for that to be the case.
As NCC Ltd has been acknowledged as a potential End Customer of CyanConnode's, for some time now and still is as far as I know, its not like he has gone to a competitor.
Good Luck all.
LTI.
Hi ITT,
They all come across as ambitious to me.
The India SM rollout started out with competition world wide, then its just India competitors, now its just competitors on the empanelment lists, and their Indian partners and many of the same high flyers, and advisors keep turning up in different company's, meetings, or lists of advisory groups....
But what is exciting is that the Amount of money which is allocated to this rollout has not changed, and probably will grow - yet the pond in which the main solution providers are in, an where the money will be spent has shrunk and Cyan, who describe themselves as the the largest private player in India is now a AMISP, and is now sharing this same pond.
Last week we were sub contractors this week we are one of the service providers.
Must be good news if only because this money could be handed out anytime now, and continue over the next couple of years...it can't remain a slow burner for much longer.
Hi Vas
Ratna came across as quite an ambitious type to me. Not a good fit.
Hi ITT,
Like you I find this strange but to be honest I also find it strange that NCC , have not posted on any social media platform a welcome message , welcoming Ratna to NCC and stating his new position.
In fact there is nothing published from either company, that i can find.
On his IN page, under his employment history.
It states he started working at NCC in October 23 , and left Cyanconnode in March 24- so for six months he was active in both company's, and then transferred over seemingly permanently to NCC.
I find that quite strange also, but I'm hoping it might signify it was a tenuous move at first ( six months ) , then made permanent, and may signify a future partnership or something positive.
But , yes i agree that cyan should have announced Ratna' s or any significant members move .
Are there strict rules around finances? I doubt it.
If Cyan are genuinely in a position to compete with GIC & Genus's $2 billion platform, something has changed dramatically financially. If so, that leads us back to the AIM rules, which say:-
An AIM company must issue notification without delay of any new developments which are not public knowledge which, if made public, would be likely to lead to a significant movement in the price of its AIM securities. By way of example, this may include matters concerning a change in:
— its financial condition;
— its sphere of activity;
— the performance of its business; or
— its expectation of its performance.
Vas, what do you make of Cyan India's CEO leaving without shareholders being informed?
Started: Longterminvstor, 24 May 2024 12:13
Last post: jakeandelwood, 28 May 2024 15:38
Hi ITT.
Like you I believe this should have been announced, a CEO departing is by no means a minor occurence in my view. I've emailed the company today for clarification. Hopefully I will get a response to what I consider a reasonable question or it will be covered off on Friday.
Hi tonyj
No, I'll watch and expect it to be explained by JC without prompting, as it should have been already.
Hi ITT
I think as we are so close to Friday it may be a good idea to table that question. It's only end of May, what are the time rules. It probably should have been stated earlier but may be answered.
Hi LTI
I guess that you think that it's perfectly reasonable for the company to keep their shareholders in the dark about the fact that Cyan India's CEO left their employment back in March 2024?
No problem Vas and you are welcome.
If you read the first paragraph under Financing Structures, the report confirms - " Given the strong revenue visibility under the AMISP contracts, coupled with DDF machanism, Indian tenders, both banks and NBFCs have demonstrated sufficient appetite for financing smart metering projects and are keen to fund reputed players entering the segment."
Within the CyanConnode AMISP RNS confirmation, CyanConnode state that " Following a rigorous testing process DigiSmart has successfully demonstrated an end-to-end Advanced Metering Infrastructure ( AMI ) prepaid solution on its Omnimesh RF network."
So as the PFI Report confirms, CyanConnode must come in to the " .... reputed player ...... " category. Which coupled with CyanConnode's Indian and global experience, over the years, you can understand why.
Good Luck Vas and all.
LTI.
Thanks
Try investormeetcompany.com
Anybody advise where the session can be watched?
Started: Vascular, 25 May 2024 14:52
Last post: Vascular, 25 May 2024 14:52
Gives an update on what is coming next for Smart Metering with the Wi-SUN Alliance, but its what he says at around 9.51 into interview that stood out for me. He discusses what next for Wi- Sun including their new certification programme for the next generation including security, lower latency , higher data rates etc and then says
"they are now looking at large deployments in India, for example" and goes on to explain India are about to roll out 250 million smart meters, and some of these will go onto cellular and other technologies but we are expecting a large number going onto Wi -Sun technology "
Good to hear it from a third party.
https://embeddedcomputing.com/application/industrial/smart-energy-utilities/embedded-executive-choosing-a-medium-for-smart-metering-with-the-wi-sun-alliance
Started: Vascular, 25 May 2024 14:15
Last post: Vascular, 25 May 2024 14:15
Ttps://www.smart-energy.com/industry-sectors/smart-meters/a-smart-meter-specification-for-africa/
Started: Longterminvstor, 22 May 2024 08:54
Last post: gizmo555, 24 May 2024 10:59
Hi vascular ...Digismart ...cert ..issued by .
Morning Gizmo,
Are you thinking that Cyan ( AMISP) is linked to the RECPDCL pact with Gujarat made in Jan 24 for smart metering projects worth Rs 2,094 crore !
https://www.business-standard.com/companies/news/recpdcl-inks-pact-with-guj-for-smart-metering-projects-worth-rs-2-094-crore-124010401048_1.html
Tony if CC really did hire the 67 mystical staff do you think they have all been sitting about paid since last May waiting for this.
Hi vascular ...rec ..mou.. Gujarat.........21 billion ....nothings stopped ...only the markets misinterpretation of how value creation is calculated ..🤣
Morning Tony and All.
This article shows ( under Project Costs) what costs and responsibility's AMISPS are required to take on when they win a smart meter award .
[
We have seen the likes off Genus and others partnering with financial institutions so to give them maximum reach during the tendering process.
Can Cyan also access the same financial resources now they are a AMISP?
The report states
"Given the strong revenue visibility under the AMISP contracts, coupled with the DDF mechanism, Indian lenders, both banks and NBFCs have demonstrated sufficient appetite for funding smart metering projects and are keen to fund reputed players entering the segment".
https://www.pfie.com/story/4513642/meters-get-smart-in-india-xnbk3rg6f2#:~:text=Project%20costs,US%2427.7m)%20excluding%20GST.