Latest news with #AMI
Associated Press
12 hours ago
- Business
- Associated Press
Oracle AI Transforms Meter Data Management
Enhancements to the Oracle Utilities Customer Platform accelerate data processing speeds, cut operational costs, and improve utility customer service AUSTIN, Texas, June 3, 2025 /PRNewswire/ -- New AI-powered anomaly detection and in-memory processing capabilities in the Oracle Utilities Customer Platform are helping deliver fast, accurate meter data management (MDM) and streamlining utility operations. These enhancements simplify work for employees and improve performance across the platform, which powers metering, operations and billing, sales and account management, customer service, and customer engagement in a single solution. For example, AI-enabled anomaly detection significantly reduces billing exceptions—minimizing manual work, truck rolls, and unnecessary operational costs. These new capabilities are available at no additional cost to customers. Better data for better service The expanding use of Advanced Metering Infrastructure (AMI) has resulted in an exponential increase in utility data, creating significant challenges in data processing, management, and accuracy. With rising customer expectations for service reliability and transparency, utilities need smarter, faster technology to handle that complexity and satisfy utility customers. The combination of embedded AI and a unified data framework in the Oracle Utilities Customer Platform allows utilities to leverage accurate metering data for informed decision-making. For example, organizations can benefit from faster resolution times and reduced exceptions through accurate data processing, leading to improved customer interactions and loyalty. Oracle benchmarks have shown vast improvements in anomaly detection and manual work reduction compared to traditional Validation Editing and Estimation (VEE) methods. Results achieved include: 'Globally, utilities have a multibillion-dollar opportunity to use AI to transform customer service and operations,' said Paul McDonald, vice president of product for Oracle Utilities. 'With system complexity, costs, and customer needs all growing, it's getting difficult and expensive for many utilities to keep up. We're helping utilities tackle these challenges in ways just now becoming possible. By bringing AI and in-memory meter data processing into the Oracle Utilities Customer Platform, we're helping our clients streamline operations, cut costs, and deliver a more satisfying customer experience.' Learn more about additional AI capabilities in the Oracle Utilities Customer Platform here and by visiting or LinkedIn. About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at Trademarks Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. View original content to download multimedia: SOURCE Oracle
Mint
17 hours ago
- Business
- Mint
From ₹15 to ₹419: This small-cap stock turned ₹1 lakh into ₹28 lakh in 5 years. Did you invest?
Multibagger small-cap stock in focus: Genus Power Infrastructures, one of the largest players in India's electricity metering solutions industry, has delivered handsome returns to its shareholders in recent years, multiplying their wealth as the stock price on Dalal Street has maintained a steady upward trajectory over the past five years, emerging as one of the biggest wealth creators. The shares displayed a strong recovery after notable pullbacks and managed to recoup losses in the following months, as a growing order book and improving fundamentals continued to attract investor interest in the company. The company, which is engaged in manufacturing and providing metering and metering solutions, has seen its share price skyrocket from ₹ 15 to the current trading price of ₹ 419, resulting in a massive surge of 2,700% in just five years. If an investor had invested ₹ 1 lakh during that period and held the position to date, the investment would have grown to ₹ 28 lakh. The stock underwent a three-month correction after hitting a new all-time high of ₹ 485 in December 2025 but regained strength in April and gained further momentum in May, ending the month with a 40% rise. It also kicked off June with a 6% gain, as investors cheered the company's better-than-expected March quarter results and its expanding order book, positioning Genus Power as one of the key beneficiaries of the ongoing smart meter rollout. GPIL is poised to become one of the largest beneficiaries of the ongoing smart meter installation drive under the ₹ 3 trillion Revamped Distribution Sector Scheme (RDSS). As of 31st March 2025, its total order book stands at approximately ₹ 30,110 crore (net of taxes), providing strong visibility into future revenue growth. Notably, the order book is over twice the company's market capitalization. The RDSS aims to replace conventional meters and structurally transform the financial dynamics of the power sector. GPIL, the largest listed smart electricity meter company in India, offers end-to-end services, including the implementation of Advanced Metering Infrastructure (AMI) and Facility Management Services (FMS) post-deployment. In Q4FY25, the company reported revenue from operations of ₹ 937 crore, marking a growth of 123% year-on-year and 55% sequentially. This strong performance, according to the company, was driven by the continued ramp-up in project execution and increased offtake of smart meters. EBITDA for the quarter surged to ₹ 208 crore, up 276% year-on-year, with a sharp margin expansion of 905 basis points to 22.3%, supported by operating leverage and disciplined cost control. On the bottom line, net profit jumped 312% YoY to ₹ 129 crore from ₹ 31.4 crore. For the full year FY25, the company delivered revenue of ₹ 2,442 crore, more than doubling from ₹ 1,201 crore in the previous year. Net profit also rose significantly by 247% to ₹ 470 crore. The company noted that its working capital position experienced temporary elongation during the execution ramp-up phase but expects it to progressively normalize as project lifecycles mature and monthly OpEx-based payments stabilize. Additionally, the company highlighted that its strategic backward integration into software solutions such as Meter Data Management (MDM) and Head-End Systems (HES) enables better operational control and enhances long-term operating leverage. During the March quarter, retail shareholders marginally increased their stake in the company to 34.5% from 34.3% in the December quarter. Mutual funds maintained a stable holding at 3.8%, while foreign institutional investors (FIIs) trimmed their stake to 22.4% from 22.8% in Q3FY25. The promoter holding in the company remained unchanged at 39.4%.
Mint
20 hours ago
- Business
- Mint
From ₹15 to ₹419: This small-cap stock turned ₹1 lakh into ₹28 lakh in 5 years. Did you invest?
Multibagger small-cap stock in focus: Genus Power Infrastructures, one of the largest players in India's electricity metering solutions industry, has delivered handsome returns to its shareholders in recent years, multiplying their wealth as the stock price on Dalal Street has maintained a steady upward trajectory over the past five years, emerging as one of the biggest wealth creators. The shares displayed a strong recovery after notable pullbacks and managed to recoup losses in the following months, as a growing order book and improving fundamentals continued to attract investor interest in the company. The company, which is engaged in manufacturing and providing metering and metering solutions, has seen its share price skyrocket from ₹ 15 to the current trading price of ₹ 419, resulting in a massive surge of 2,700% in just five years. If an investor had invested ₹ 1 lakh during that period and held the position to date, the investment would have grown to ₹ 28 lakh. The stock underwent a three-month correction after hitting a new all-time high of ₹ 485 in December 2025 but regained strength in April and gained further momentum in May, ending the month with a 40% rise. It also kicked off June with a 6% gain, as investors cheered the company's better-than-expected March quarter results and its expanding order book, positioning Genus Power as one of the key beneficiaries of the ongoing smart meter rollout. GPIL is poised to become one of the largest beneficiaries of the ongoing smart meter installation drive under the ₹ 3 trillion Revamped Distribution Sector Scheme (RDSS). As of 31st March 2025, its total order book stands at approximately ₹ 30,110 crore (net of taxes), providing strong visibility into future revenue growth. Notably, the order book is over twice the company's market capitalization. The RDSS aims to replace conventional meters and structurally transform the financial dynamics of the power sector. GPIL, the largest listed smart electricity meter company in India, offers end-to-end services, including the implementation of Advanced Metering Infrastructure (AMI) and Facility Management Services (FMS) post-deployment. In Q4FY25, the company reported revenue from operations of ₹ 937 crore, marking a growth of 123% year-on-year and 55% sequentially. This strong performance, according to the company, was driven by the continued ramp-up in project execution and increased offtake of smart meters. EBITDA for the quarter surged to ₹ 208 crore, up 276% year-on-year, with a sharp margin expansion of 905 basis points to 22.3%, supported by operating leverage and disciplined cost control. On the bottom line, net profit jumped 312% YoY to ₹ 129 crore from ₹ 31.4 crore. For the full year FY25, the company delivered revenue of ₹ 2,442 crore, more than doubling from ₹ 1,201 crore in the previous year. Net profit also rose significantly by 247% to ₹ 470 crore. The company noted that its working capital position experienced temporary elongation during the execution ramp-up phase but expects it to progressively normalize as project lifecycles mature and monthly OpEx-based payments stabilize. Additionally, the company highlighted that its strategic backward integration into software solutions such as Meter Data Management (MDM) and Head-End Systems (HES) enables better operational control and enhances long-term operating leverage. During the March quarter, retail shareholders marginally increased their stake in the company to 34.5% from 34.3% in the December quarter. Mutual funds maintained a stable holding at 3.8%, while foreign institutional investors (FIIs) trimmed their stake to 22.4% from 22.8% in Q3FY25. The promoter holding in the company remained unchanged at 39.4%. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Business Wire
5 days ago
- Business
- Business Wire
Aqua Texas Announces High-Tech Solution to Help Customers Improve Water Conservation
WOODCREEK, Texas--(BUSINESS WIRE)--Aqua Texas announced today two infrastructure improvement projects that aim to further reduce water loss in the region. Advanced Metering Infrastructure (AMI) is a revolutionary digital meter technology that allows customers to track their water usage in near-real-time on their smartphones, tablets, or computers. Customers can also set alerts when they have reached pre-determined limits, which can help quickly identify a potential leak within a home. 'This upgrade is just one of the many tangible ways Aqua is working to meet our goal of conserving water in Wimberley Valley,' said Benton Cripps, Central Texas Area Manager at Aqua Texas. 'Quick access to accurate information not only provides transparency for our customers but also highlights our improved conservation efforts happening throughout the region.' An educational video about the project can be found here: In addition, Aqua Texas has begun phase 2 of a $4 million water main replacement project in Wimberley Valley. The project, as a whole, is replacing more than 25,000 feet of outdated water mains. Phase 2 alone will replace 3,700 feet of water main in the Woodcreek North neighborhood along Ridgewood Circle, at a cost of over $1.3 million. The first 7,000 feet of the project were completed at the end of 2024. Aqua Texas is a subsidiary of Essential Utilities Inc. It currently provides approximately 286,000 people in 53 counties across the Lone Star State with water and wastewater services. To learn more, visit This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others: the anticipated amount of capital investment in 2025. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements including: general economic business conditions; the company's ability to fund needed infrastructure; changes in regulations or regulatory treatment; availability and access to capital; the cost of capital; disruptions in the credit markets; and other factors discussed in our Annual Report on Form 10-K and our Quarterly Report on Form 10-Q, which are filed with the Securities and Exchange Commission. For more information regarding risks and uncertainties associated with Essential Utilities' business, please refer to Essential Utilities' annual, quarterly and other SEC filings. Essential Utilities is not under any obligation—and expressly disclaims any such obligation—to update or alter its forward-looking statements whether as a result of new information, future events or otherwise. WTRGG
NZ Herald
5 days ago
- Automotive
- NZ Herald
Free AMI Roadside Rescue service for AMI comprehensive car insurance customers
This article was prepared by AMI Insurance and is being published by the New Zealand Herald as advertorial. No limit on callouts, for you, your car (or whoever is driving yours) and no extra form-filling – just great value car insurance with a side of AMI Roadside Rescue. Starting this week, AMI is setting a new service standard for customers by including free, nationwide AMI Roadside Rescue in its AMI Comprehensive Car insurance policies*. The new service will be available for all new Comprehensive Car insurance customers at sign-up or activated automatically for existing customers at their policy renewal. Dean MacGregor, AMI Executive General Manager Supply Chain and Hub Services says: 'As a leading insurer, we want to be there for New Zealanders in their time of need. 'We are committed to making things easy for our customers – whether that's deploying our AMI HomeHub teams to assist immediately following a natural hazard event, getting vehicles repaired, serviced and back out on the road sooner through our AMI MotorHubs, for a jump start, a tow after a breakdown, or to make a quick tyre change via our nationwide AMI Roadside Rescue network – we are dedicated to being there to get our customers back on their feet as quickly as possible. 'Our customers tell us they're not interested in loads of form filling, extra 'membership fees' and discounts for services they're never going to use. They just want access to fast, exceptional roadside rescue, where and when they need it.' AMI Roadside 'Rescue Road' keeping an eye on holiday highway traffic To celebrate this announcement, AMI Roadside Rescue will be operating New Zealand's first 'AMI Rescue Road' for drivers travelling popular holiday highways this King's Birthday and Matariki long weekends. This means that AMI Roadside Rescue will provide free roadside services for all drivers** (regardless of whether they are an AMI customer or not) who may require help during the journey along a popular stretch of the holiday highway. This long weekend, the first Rescue Road will be active from 5pm, Friday May 30 to 6am, Tuesday June 3, along parts of State Highway 7 (SH7) and State Highway 7A (SH7A) from Waipara to Hanmer Springs. This service will be complemented by an AMI Driver Reviver roadside rest-stop at the Hurunui Rest Area from 11am to 4pm on Monday, June 2. AMI Driver Reviver roadside rest-stops encourage drivers to take a break when travelling long distances. Run by AMI's community risk team, these are held in partnership with local district councils, Fire and Emergency New Zealand, New Zealand Police, Hato Hone St John and other community organisations. ** King's Birthday Weekend Activation Ts&Cs apply.
