Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Dated April 24
https://cea.nic.in/wp-content/uploads/notification/2024/04/List_of_Net_Meter_Manufacturers-1.pdf
Hi Tony, even to me my numbers look very fanciful and i find them difficult to believe but if Cyan just keep a respectful win rate of say 20% or 25 % throughout this process , then nothing else will really matter , delays, hold ups , elections, missing installation targets ...nothing will matter as Cyans Install rate and revenues build.
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
Approx. 3 months ago Genus Infrastructure posted the link below on Linkedin under the title "Transforming Cities into Smart Living Ecosystem 🌟 "
https://www.linkedin.com/feed/update/urn:li:activity:7149633253417590784/
https://www.linkedin.com/feed/update/urn:li:activity:7149633253417590784/
There is an advert with three smart meters on it entitled "Energising Lives with Smart Meter Solutions".
If you look at the picture on the far left. Copy picture, put it in a word document and zoom in you will see that this meter states on it #
GENUS
InteLilog
LORAWAN RF
" Genus Power Infrastructure Ltd, India"
I do realise that the Cyan contract with Genus was for Omnimesh RF but Omnimesh Supports the management of LORA, can't it? Does anyone here know if there is enough information here to ascertain whether this is a Cyan meter or another company. The advert is only 3 months old ! Cheers Vas
General news on industry developments or even just journalistic comments on the RDSS rollout are impossible to find at present ! Very unusual , when you think we are now in such a sensitive period and on the cusp of what we have been informed will be a fertile news period for sub contractors such as Cyan and others.
Absolutely no news on our competitors either, which I find the most reassuring as this means the silence we are hearing is not related to Cyan but the entire industry at this time.
Its not hard to imagine that India may have banned all news and comments around specific politically sensitive issues such as regional energy etc, while the voting process is taking place but you would expect to find some reference in the Indian news that it has actually been agreed, and is actually being applied.
Something regarding Genus here. I noted this new company is based in the State of Rajasthan, India - not as if that means they will supply Rajasthan, i guess - but with approx. 16 million customer meters to be supplied in just Rajasthan, and Cyan's previous success in Rajasthan, lets hope that GENUS ALFA SMART METERING PRIVATE LIMITED, will also be manufacturing Cyan solutions. GL Vas
https://www.dsij.in/dsijarticledetail/rs-20000-crore-order-book-this-multibagger-smart-prepaid-meters-manufacturing-company-incorporated-a-wholly-owned-subsidiary-details-inside-37944-1
RKBeekeepe
I do not see these events as linear, live events unfolding in front of our eyes as we move forward in our lives - but I have come to see them as planned and orchestrated events, that are fed to their Investors as if happening live, and really we are just getting episodes of the catch up TV, a version version of events that have been planned and discussed for months.
You know as well as I, that this, just as a wrestling match is most likely already fixed, and been planned for months , risk assessed and whatever happens , ultimately the PIs and innocents will pay the price, literally.
There are some very wealthy, connected, some may say untrustworthy characters in and around the inner circle here, and unfortunately with mutiny taking place on the deck of the good ship Chill, has Callum now gagged, sitting on top of the PIs wealth in the ships brig and under investigation for what ????, its unknown - but you can bet its going to be substantial, as this allegation on Callum needs to be so, to keep him down in the hold , gagged. so he is unable to be involved in the main fight on the top deck .
This is a strategically planned mutiny and I would not trust any of the players involved here to be honest, and as far as Callum goes he seems the most decent , hardworking and honest but do not underestimate the allegations, and how long it can take to investigate, and there is always the possibility that there is some substance to them that we know nothing about.
https://www.***************************/cyanconnode-a-beacon-of-growth-in-the-telecommunications-sector-zeus-capital-comment/4121154106
According to BIS CyanConnode are identified as a "Principle Member" with Shri Manish Widhani , Senior Solution & Product Manager) as main representative along with Shri Deepak Nimare as our alternative member.
Cyan are / were Principal Members of the "LITD 28-Smart Infrastructure Sectional Committee".
LITD 28 has twelve committees on it . see here.
https://www.services.bis.gov.in/php/BIS_2.0/bisconnect/tech_dept/MeetingsCalender/committeeDetails/384/2
Cyanconnode were or are on two of these committees.
LITD 28 : P1 Last Mile Communication Protocols
LITD 28 : P9 - IoT System Reference Architecture Panel
Gl Vas
Eveneing LT and all.
I was looking into the connection between BIS and Cyan to see if i could find anything and came across this interview with Mr. Aniruddha Shahapure, presently COO at Cyan and once "held prominent positions with the Bureau of Indian Standards (BIS) (India) and served as the Technical Committee Chairman at KEBS- Bureau Standards (Kenya)".
Anyway, published In Jan 24 - apologies if posted before but i do not recall it. GL Vas
https://www.youtube.com/watch?v=zMltujEKDUQ&ab_channel=EPRMagazine
Haping Sustainable Cities: A Deep Dive into Wi-SUN Alliance’s Impact on IoT Communication Standards
by SSI Bureau April 12, 2024
Another very positive read regarding India, RF mesh , Wi - Sun and smart city's including meters
https://www.smartstateindia.com/shaping-sustainable-cities-a-deep-dive-into-wi-sun-alliances-impact-on-iot-communication-standards/
Worth a read .
It will be interesting to see where Cyan and Silicon labs and others takes this new development.
Read more at: https://www.bisinfotech.com/wi-sun-alliance-and-bis-join-forces-for-scalability-and-sustainability/
Yes, it makes sense, but CC in all Genus meters unlikely IMO.
But then i know nothing really.
There is a lot of movement within Genus since Genus Power Infrastructures Ltd (Genus Power)signed a definitive agreement with Gem View Investment, an affiliate of GIC, Singapore to set up a platform for undertaking advanced metering infrastructure service provider concessions.
GIC will hold a 74 per cent stake while Genus will hold a 26 per cent stake in the platform, the company said in a BSE filing.
I wonder if certain partnerships, assets whatever are being transferred form Genus to GIC. Just a thought. no evidence.
Genus Power Infrastructures Announces Share Transfer Agreement with Gemstar Infra Pte. Ltd.
Apr 20 2024 | 21 hours ago
"Genus Power Infrastructures Limited (GPL) has announced that it has entered into a Share Purchase Agreement (SPA) with Gemstar Infra Pte. Ltd. for the transfer of 100% equity shares held in Hi-Print Metering Solutions Private Limited (HPMSPL). Once completed, HPMSPL will no longer be a wholly-owned subsidiary of GPL. HPMSPL, in turn, holds 100% ownership in Genus Assam Package-5 SPV Ltd. and Hi-Print Assam Package-3 SPV Ltd. This transfer is being made as part of a joint venture agreement for setting up a bidding platform for various AMISP concessions.
GPL enters Share Purchase Agreement with Gemstar Infra Pte. Ltd.
Transfer of 100% equity shares in Hi-Print Metering Solutions Private Limited (HPMSPL)
Upon completion, HPMSPL will no longer be a wholly-owned subsidiary of GPL
HPMSPL holds 100% ownership in Genus Assam Package-5 SPV Ltd. and Hi-Print Assam Package-3 SPV Ltd."
https://nsearchives.nseindia.com/corporate/GENUSPOWER_20042024231655_Final_Disclosure_signed.pdf"
I found this paragraph in the Capital Planning Update section of the Council of Governors Meeting in public
Monday 22 April 2024
"We will also have two centrally funded programmes in this new financial year – our
Community Diagnostic Centre (CDC) new build £6.7m and the Electronic Patient
Record programme (EPR) £3.9m. "
it would be helpful to find a breakdown on how the £6.7 new build money will be allocated.
https://www.qvh.nhs.uk/wp-content/uploads/2024/04/Papers-PUBLIC-CoG-meeting-22-April-2024.pdf
Hi Tony , according to the Genus Power Infrastructures Earnings Call for Q3FY24, published in Mid Feb 24 ( you can skim read the transcript or listen in on it)
quote regarding the awards made to Genus mostly during 2023
"Its worth mentioning that the Fulfilment of these orders will commence only after a period of
1:26
approximately 6 to 9 months from the date of order this is primarily because of the time
1:31
needed to complete the necessary formalities for starting the projects these formalities Encompass a range of
1:38
activities including necessary approvals negotiation of contract and logistic Arrangements we strive to diligently
1:45
attend to every detail to guarantee a seamless and successful execution process the execution Pro Cycle of the
1:53
current order book is about 27 to 30 months thus it provides healthy visibility of our Top Line growth
2:00
particularly for FY 25 and 26 numerous State electricity boards
2:05
have commenced the bidding process to procure Smart Meters underscoring the positive impact of the reforms etc "
The only fact we know is that the conservative 9 month period mentioned here by Genus, takes us back to June 23..........
it was only after June 23 most of the wards to the AMISPS was made and the second fact we know is that up until Today, there has not been any sign of a up tick in awards to the subcontractors - so I think I am safe in saying that the game has not yet began, and the successful company's who will win awards form Genus and others is yet to be announced.
And every week that passes brings the start date of awards even closer.
The majority of the awards made this past nine months must surely be released in the next 2-4 months , probably wrapped up with many other massive national infrastructure investments as part of the celebration to commemorate yet another Modi government win . Gl Vas
https://www.youtube.com/watch?v=4889EbdrAAE&ab_channel=trendlyne
Hi Lt,
Thanks for that correction - i find it strange why they fail to date certain articles.
This make sense though as if this had been a new AMISP award it would have been the first one for ages.
Cheers Vas
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
Another large smart meter award for Genus Infra, according to the date.
https://www.sharesbazaar.com/news/view/1041476
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
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