Apraava Energy, one of India’s leading integrated energy companies, has secured fresh funding of ₹800.9 crore to scale up its nationwide smart-meter rollout programme. The investment has been jointly extended by British International Investment (BII), the UK’s development finance institution, and Standard Chartered, marking one of the largest private financial commitments toward India’s smart-metering sector in recent years.
According to the company, BII has committed ₹400.5 crore while Standard Chartered has infused ₹400.4 crore through separate financing agreements. The capital infusion will support Apraava’s ongoing Advanced Metering Infrastructure (AMI) projects, including the deployment of approximately two million smart meters across multiple Indian states. The initiative forms a critical part of India’s broader power distribution reforms, which aim to reduce technical and commercial losses, improve billing efficiency, and enhance real-time visibility across the grid.
Apraava Energy, backed by shareholders CLP Group and Canada’s CDPQ, said the new funding strengthens its position as a major contributor to India’s energy-transition pipeline. Smart-metering, the company noted, enables greater transparency in power usage, lowers system inefficiencies, and provides utilities with accurate consumption data necessary for better load management and renewable integration.
The company added that the investment not only supports its metering expansion strategy but also aligns with national goals of modernising the distribution network, improving consumer services, and creating a more resilient and digitally connected power ecosystem. With this funding, Apraava aims to accelerate implementation timelines and expand its presence in India’s fast-growing smart-metering market.
