Latest news with #AdvancedMeteringInfrastructure
Associated Press
11 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
16 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
18 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
Observer
27-05-2025
- Business
- Observer
1.13 million electricity smart metres installed across Oman
MUSCAT: The rollout of smart electricity meters across the Sultanate of Oman crossed the 75 per cent mark at the end of last year, with the project on track to achieving 100 per cent coverage before the end of this year, according to the Nama Electricity Distribution Company (NEDC). Both NEDC, with a mandate covering all the governorates of Oman (with the exception of Dhofar) and Nama Dhofar Services (which is responsible for Dhofar Governorate), successfully installed 1.130 million smart meters across their respective jurisdictions as of December 31, 2024. The initiative, first launched in 2021 as part of the National Meter Reading Project, is key to the government's goal of driving the digital transformation of energy management. The pace of smart meter deployment has also picked up in recent years. 'NEDC's installations surged from 244,088 meters in 2021 to 1,008,958 meters in 2024, while Nama Dhofar expanded from 10,815 smart meters to 121,596 smart meters over the same period. The deployment rate saw a significant boost, rising from 26 per cent in 2022 to 46.17 per cent in 2023, and reaching 75.48 per cent in 2024,' NEDC — part of Nama Group — noted in its 2024 Annual Report. Significantly, meter reading performance — a source of customer unease over billing accuracy in the past — has now reached an impressive 96.17 per cent, said NEDC, citing the ongoing meter replacement drive as key to enhancing accuracy and reliability. 'By replacing outdated meters with modern, high-precision units, the company significantly improved meter reading efficiency, minimised discrepancies and proactively identified potential sources of energy loss,' the utility stated. Furthermore, to help address challenges associated with manual meter reading, particularly where existing analogy meters are installed within the locked premises of customers, NEDC says it has begun integrated advanced metering solutions into its operational framework. These measures have resulted in higher accuracy, reduced operational inefficiencies, and enhanced overall service quality, it pointed out. Also making headway is the implementation of the Advanced Metering Infrastructure (AMI) project, centring on the deployment of Automated Meter Reading (AMR) systems to modernise infrastructure, optimise operational costs and minimise losses. 'This initiative enhances real-time data collection, ensuring greater efficiency, accuracy in meter readings, and improved customer engagement through access to real-time consumption data. Additionally, it supports cost reduction efforts by streamlining operations and enhancing service delivery,' it added. A cornerstone of Oman's digital transformation strategy, the National Smart Meter Programme aims to replace analog meters with 1.2 million advanced smart meters before the end of 2025. Besides enhances billing accuracy, the devices empower consumers with real-time data to manage their energy use more efficiently. It also strengthens network performance by minimising power losses and enabling data-driven maintenance and planning. Beyond operational gains, the programme supports the development of smart cities, promotes energy efficiency and contributes to economic growth by optimizing energy use and supporting renewable energy integration.
