2 days ago
CWD shares in focus after securing 9 lakh smart meter order in Goa
By Aditya Bhagchandani Published on June 11, 2025, 13:39 IST
Shares of CWD Limited were in focus on Wednesday after the company announced it had received a Letter of Award for a major smart metering project from the Government of Goa. The order, placed under the Advanced Metering Infrastructure (AMI) initiative, involves the deployment and maintenance of 9 lakh smart prepaid meters over a period of 10 years.
The project will be executed through a consortium of CWD Limited and Digismart Network Pvt Ltd. According to the company's exchange filing, this deal marks a significant milestone in Goa's efforts to modernize its electricity infrastructure and improve energy efficiency.
The implementation will be based on the Design-Build-Finance-Own-Operate-Transfer (DBFOOT) model. CWD will provide the wireless IoT modules while Digismart will handle ground-level deployment. Although the value of the order has not been disclosed due to competitive sensitivity, the size and duration signal a strong business outlook for CWD.
The company emphasized that this collaboration aligns with India's digital and sustainable development goals.
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
