Archive · 25 Jun 2025
Smart Meter Rollout in India to Accelerate in FY26
Imagine the government is updating all the electricity meters in the country to smart meters, like giving your house a tech upgrade.
The goal is to replace all the old meters with new ones by March 2026, but it might take a little longer.
This is because they ran into some problems at first.
Companies making the smart meters are going to get more business, and their sales will increase.
The government is trying to make it easier for the companies to get paid and get the parts they need.
This should help the project move faster.
India's Smart Meter National Programme (SMNP) is expected to accelerate in the current fiscal year.
The government aims to replace 25 crore conventional electricity meters with prepaid smart meters by March 2026.
Direct debit facility for AMISPs has been streamlined and semiconductor availability has improved.
Smart meter manufacturers' revenue is projected to grow around 20% to ₹9,000 crore this fiscal year.
The rollout deadline of March 31, 2026, is likely to be extended due to slow implementation.
- Who
- The government, smart meter manufacturers, and discoms.
- What
- The Smart Meter National Programme (SMNP) implementation is expected to accelerate.
- When
- The current financial year, with expectations for the next 4-5 years.
- Where
- India.
- Why
- To replace conventional electricity meters with prepaid smart electric meters by March 2026.
- SMNP Target
- Replace 25 crore meters by March 2026
- Revenue Opportunity
- ₹90,000 crore
- Revenue Growth
- Around 20% for manufacturers in FY26
- Projected Revenue
- ₹9,000 crore
- Cash Conversion Cycle
- 170-180 days
- Published Date
- June 25, 2025