Latest news with #AdvancedMeteringInfrastructure
Yahoo
6 days ago
- Business
- Yahoo
Badger Meter (BMI): An Under-the-Radar Dividend Stock Worth Watching
Badger Meter, Inc. (NYSE:BMI) was recently included on our list of Dividend Champion vs Aristocrats: 12 Under the Radar Stocks to Buy. An engineer overseeing the calibrations of a sophisticated flow meter. Badger Meter, Inc. (NYSE:BMI) is recognized as a top-tier company in the market, known for its strong operational performance and potential for expanding profit margins in a fundamentally appealing industry. The company is well-positioned to benefit from long-term shifts toward greater resource efficiency, thanks to its emphasis on Advanced Metering Infrastructure (AMI) and Software as a Service (SaaS). These areas are becoming more important as regulations tighten and sustainability becomes a global priority. In its recently announced earnings, Badger Meter, Inc. (NYSE:BMI) reported revenue of $238 million, which showed a nearly 10% growth from the same period last year. Operating earnings rose by 8% from the same period last year, reaching $44.9 million. However, operating profit margins slightly declined to 18.8% from 19.2% a year earlier. Diluted earnings per share (EPS) also saw a 4% increase, coming in at $1.17 compared to $1.12 in the previous year's quarter. Badger Meter, Inc. (NYSE:BMI) generated $44.5 million in operating cash flow, up 22% from the prior-year period. The company ended the quarter with $165.2 million available in cash and cash equivalents. It offers a quarterly dividend of $0.34 per share and has a dividend yield of 0.71%, as recorded on July 23. BMI is among the best stocks on our dividend champions list, as the company has grown its payouts for 32 years straight. While we acknowledge the potential of BMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Time of India
11-07-2025
- Business
- Time of India
RECPDCL to roll out 33.26 lakh prepaid smart meters in Gujarat
New Delhi: REC Power Development and Consultancy Limited (RECPDCL), a wholly-owned subsidiary of REC Limited, has signed agreements for the implementation of 33.26 lakh prepaid smart meters across the Paschim Gujarat Vij Company Limited (PGVCL) jurisdiction. The project is part of Phase II of the Revamped Distribution Sector Scheme (RDSS). The agreements, signed on July 10, include the Project Implementation Agency (PIA) and Distribution Department Framework (DDF) contracts. The appointment is for an Advanced Metering Infrastructure (AMI) Service Provider on a DBFOOT basis—Design, Build, Finance, Own, Operate and Transfer. RECPDCL has awarded the AMISP contract to Bharat Grid Private Limited, a joint venture between Actis and EDF India. The smart metering initiative is aimed at strengthening operational efficiency and consumer service in the power distribution network. The signing ceremony was attended by K P Joshi, Managing Director, PGVCL; T S C Bosh, CEO, RECPDCL; Saurabh Rastogi, Executive Director, RECPDCL; R J Vala, Chief Engineer, PGVCL; and Christophe Feuillard, CEO, Bharat Grid Private Limited, along with senior officials from the three organisations. According to RECPDCL, the smart metering project is expected to reduce distribution losses, improve consumer engagement, and enhance service delivery.
Business Recorder
09-07-2025
- Business
- Business Recorder
Pindi City and Cantt Circles: IESCO installs over 884,000 AMI meters
ISLAMABAD: Syed Mohsin Raza Gilani, project director of IESCO's Advanced Metering Infrastructure (AMI), has announced the successful installation of over 884,000 AMI meters in Rawalpindi City and Cantt Circles. This milestone marks a significant step in IESCO's ongoing efforts to modernise its power distribution system. Talking to Business Recorder, Gilani emphasised IESCO's commitment to adopting innovative, customer-centric technologies in the power sector, aimed at providing timely and high-quality services to its consumers. The newly-installed AMI meters —designed to ensure 100 percent accurate and timely readings—represent a transformative shift towards greater operational transparency and improved customer service. The installation drive is progressing rapidly, with 97 per cent of connections with a load of 41 kW or more across the IESCO region now equipped with AMI meters. These smart meters offer several key benefits, including: (i) automated complaint registration;(ii) real-time monitoring of electricity consumption; (iii) reduction in line losses; (iv) detection and prevention of electricity theft; and (iv) improved bill recovery rates Additionally, the system is expected to help reduce transformer overloading and enhance the overall stability of the distribution network. 'This project is a game-changer for the power sector,' Gilani stated. 'It is designed to boost system efficiency and foster a stronger, more transparent relationship between IESCO and its consumers.' While the current focus is on Rawalpindi City and Cantt Circles, the AMI rollout is set to expand across the entire IESCO region, setting a new benchmark for service excellence in Pakistan's power sector. Copyright Business Recorder, 2025
Business Recorder
02-07-2025
- Business
- Business Recorder
‘AMI will control power theft, facilitate online billing payment'
FAISALABAD: The practical implementation of Advanced Metering Infrastructure (AMI) will not only enable accurate electricity billing to consumers, but it will also help to control electricity theft and facilitate immediate online billing payment said Chief Executive Officer (CEO) Faisalabad Electric Supply Company (FESCO) Engr Muhammad Aamer. He further said that in areas where AMI meters are installed, there will be no possibility of any error in billing due to the automated payment system, and the elimination of manual intervention will reduce operational costs. In this connection, Director AMI FESCO Rao Muhammad Ali said that FESCO has so far completed the installation of total 16,401 AMI meters, including 1,415 three-phase AMI TOU meters of various types up to loads of 40 KW and more than 40 KW. He said that FESCO has finalized a plan to purchase 58,000 three-phase and 300,000 single-phase AMI meters during this fiscal year so that consumers receive bills with accurate readings. He made it clear that all industrial and Tube Wells with loads of 40 KW and above will be equipped with AMI meters by October 2025. The Director AMI Rao Muhammad Ali further said that the installation of AMI meters will not only enable real-time data monitoring but will also enable detection of unusual power consumption. Tampering with the meter or meter reversal will be detected immediately with AMI, which will also help in eliminating power theft. In addition, the installation of AMI meters will also make it possible to reduce line losses. He further informed that all AMI meters are being monitored through the MDM portal, the facility of this portal is available up to the SDO level, while it is possible to access 24-hour AMI meter data and load profile with one click. Copyright Business Recorder, 2025
Hans India
30-06-2025
- Business
- Hans India
Smart meters mandatory for new, temporary connections from July 1
Bengaluru: Starting from July 1, the Bengaluru Electricity Supply Company (BESCOM) has made it mandatory for all new and temporary electricity connections in rural areas under its jurisdiction to have smart meter installations, as mandated by the Karnataka Electricity Regulatory Commission (KERC). According to an official statement from the company, smart meter deployment in the urban areas of BESCOM's jurisdiction, including Bengaluru city, commenced on February 15, 2025. With this latest directive, the initiative is now being extended to BESCOM's rural regions also. Applicants for new or temporary electricity connections can purchase smart meters from BESCOM-authorised outlets and proceed with connection formalities, according to the statement. 'KERC had issued guidelines on smart meter implementation on March 6, 2024, and installations have since been carried out in phases,' the release added. Smart meters, which differ from traditional models, are equipped with a GPRS/RF-based communication system for data collection and offer server and cloud connectivity. They utilise Advanced Metering Infrastructure (AMI) technology, which enables direct communication between consumers and BESCOM by gathering electricity usage data. Users can monitor real-time electricity usage, voltage, and power factor through a mobile app and access recharge options. The release stated that people can make advance payments and recharge for their desired duration, allowing them to use electricity as needed. During a power outage, electricity can be restored immediately upon payment of the bill. BESCOM is also set to launch a digital portal aimed at enhancing transparency and efficiency in the consumer grievance redressal process, as announced by N Sivashankar, Managing Director of BESCOM, in May. The MD was addressing a workshop organised jointly by the Karnataka Electricity Regulatory Commission (KERC) and BESCOM, or the office bearers and members of the Consumer Grievance Redressal Forum (CGRF) at the KEB Engineers Association Hall. 'To strengthen consumer rights and improve accountability, a dedicated digital platform is being developed for managing consumer complaints. The Chief General Manager of Corporate Affairs has been entrusted with overseeing the grievance redressal process,' Sivashankar said. He added that, as directed by the KERC Chairman, CGRFS has been constituted at the district level, comprising a Superintendent Engineer, an Executive Engineer, and independent members.
