RE: The NSGM latest stats all .....Today 18:21
Hi LT and Tony.
Thanks for the NSGM update
"The installations so far this month stand at 4,24,010 ( 424,010 ) smart meters and the overall number of smart meters installed now standing at 1,08,40,249 ( 10,840,249 )."
As we know ALL ordered / deployed smart meters , also become installed meters and in April Zeus released end of Year 24 note stating Cyan had so far a 25% share in meters so far ordered in India.
So , in theory going by todays numbers this would give Cyan an average of approx. 100,000 smart meters installed per month (out of total this month of 424,010 ) with associated up front revenues. With over 250 million meters required , even if we took just 150 million meters installed before target date this gives approx. 37 million smart meters to Cyan, and with a gross monthly install rate of around 8 million, of which 25% which is 2 million units a month could go to Cyan so to hit the Dec 25 deadline.
So at some stage their needs to be at least a 20 x ramp up on meters ordered and deployed for installation. GL Vas