The competitive bidding for Polaris Smart Metering has entered a critical phase with four major infrastructure players advancing to final negotiations. Industry leaders including Adani Energy Solutions and Apraava Energy are positioned to submit binding offers by early August, with the company potentially valued at ₹1,500 crore. This strategic sale represents a significant milestone as I Squared Capital seeks an exit from the smart metering sector. The transaction underscores growing investor interest in India's smart meter deployment initiative, driven by government mandates to modernize electricity distribution infrastructure across the nation.

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