Bharti Airtel gains as its B2B arm to power over 2 crore smart meters for AESL
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Bharti Airtel is currently trading at Rs. 1062.90, up by 13.75 points or 1.31% from its previous closing of Rs. 1049.15 on the BSE.
The scrip opened at Rs. 1052.00 and has touched a high and low of Rs. 1064.00 and Rs. 1048.40 respectively. So far 1073742 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1064.00 on 09-Jan-2024 and a 52 week low of Rs. 736.20 on 02-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1064.00 and Rs. 1016.15 respectively. The current market cap of the company is Rs. 638938.56 crore.
The promoters holding in the company stood at 54.75%, while Institutions and Non-Institutions held 41.68% and 3.58% respectively.
Bharti Airtel’s B2B arm -- Airtel Business is all set to power over 2 crore smart meters for Adani Energy Solutions (AESL). Airtel, through its robust nationwide communications network will deliver reliable and secure connectivity for all AESL’s smart meter deployments. In addition, Airtel’s transformative smart metering solutions that are powered by NB-IoT, 4G and 2G, will help AESL to ensure real-time connectivity and uninterrupted transfer of critical data between smart meters and headend applications.
The solution will also come powered with Airtel’s IoT platform - ‘Airtel IoT Hub,’ which enables smart meter tracking and monitoring with advanced analytics and diagnostic capabilities in addition to real-time insights and services that empower customers with enhanced control over their energy consumption. AESL has an order book of over 2 crore smart meters from the power utilities of Assam, Andhra Pradesh, Bihar, Maharashtra and Uttarakhand.
Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa.
