SEPC lands Rs.314-crore smart metering mandate in Punjab, under RDSS
- February 10, 2026
SEPC Ltd (formerly Shriram EPC Ltd) has landed a Rs.314-crore smart metering order, under the Revamped Distribution Sector Scheme (RDSS), in Punjab.
In a release, SEPC said that it has received a letter of intent (LoI) from Central PSU Telecommunications Consultants India Ltd (TCIL) for the implementation of a Smart Prepaid Metering project in Punjab (Central Zone) under the Revamped Distribution Sector Scheme (RDSS).
Project Scope and Structure
The project will be executed on a design, build, finance, own, operate and transfer DBFOOT) basis in consortium with Adya Smart Metering Pvt Ltd, with a total project value of Rs.313.96 crore.
It encompasses the design, deployment, integration, commissioning, and long-term operation and maintenance of advanced metering infrastructure for Punjab State Power Corporation Ltd (PSPCL), in accordance with the client’s tender and applicable scheme guidelines. Payments will be made on a back-to-back basis, linked to defined monthly, quarterly, and annual milestones during the post-operational “Go-Live” phase.
Expanding presence
The LOI strengthens SEPC’s order momentum and expands its presence in power distribution and metering infrastructure, the release said. The BOOT model improves long-term revenue visibility, while sustained public sector investment in power reforms and digital infrastructure supports growth. With a diversified portfolio and rising exposure to annuity-based projects, SEPC remains well positioned to benefit from favourable industry tailwinds.
Smart metering: A key pillar
Commenting on the order win Venkataramani Jaiganesh, Managing Director of SEPC Limited, said: “This order reflects the continued confidence of our clients in SEPC’s execution capabilities across complex infrastructure projects. Smart metering is a key pillar of power distribution reforms in India, and this project allows us to further expand our presence in this segment. The DBFOOT structure also aligns well with our strategy of building long-term, annuity-linked revenue streams, while maintaining a disciplined approach to risk and capital deployment.”