TNPDCL cancels global tender for smart meters due to high costs, delaying Tamil Nadu's smart meter installations.

Tamil Nadu has scrapped a smart meter tender from Adani's AESL due to high costs, with plans to reissue the tenders soon. This comes amidst legal challenges faced by Gautam Adani in the US over a $265 million bribery scheme related to solar power contracts,

Stalin govt cites “high costs” quoted by Adani Energy Solutions Ltd even though it was the “lowest bidder”; cancels tenders for all four packages meant for the entire state

The Tamil Nadu Power Distribution Corporation has cancelled a global tender floated for procuring smart meters, citing the high cost quoted by Adani Energy Solutions Ltd (AESL). The tenders were floated as four packages in August 2023 for providing the smart meters under the Central government's revamped distribution sector scheme.

The Adani Group firm had emerged as the lowest bidder for one of the four packages of the tender, floated in August 2023, for installing 8.2 million smart meters in eight districts