Landis+Gyr Chosen For Large Scale India Metering Project
KOLKATA, India and SYDNEY, Jan. 24, 2013 /PRNewswire/ -- Landis+Gyr, the world's leading provider of smart grid and smart metering solutions, announced today that they have been selected by West Bengal State Electricity Distribution Company Limited (WBSEDCL) to provide more than 1.5 million digital electricity meters for their modernization and rural electrification program.
This most recent award from WBSEDCL is believed to be the largest electricity metering order in India for supply single-phase meters. The delivery period will begin by month's end and will conclude ten months later. This challenging schedule will require a dedicated manufacturing set-up for Landis+Gyr's Joka unit, located in WBSEDCL's home town of Kolkata.
"Landis+Gyr is the largest international player in the electricity metering space within India," Landis+Gyr India's CEO Sandip Mukherjee commented, "we are honored by WBSEDCL's continued trust in Landis+Gyr by selecting us for this contract. It is a testimony to the quality of the products we deliver and also an example of our outstanding relationship with Indian utilities. We believe this contract selection will position us well for the upcoming advanced meter roll-outs throughout India."
"Our ability to consistently deliver large-volume meter contracts with excellent quality devices has been a key driver of our strong momentum across the Asia Pacific region," added Oliver Iltisberger, Executive Vice President of Landis+Gyr Asia Pacific, "this proven capability has demonstrated time and again our ability to be a trusted partner in helping Asia Pacific based utilities manage energy better."About Landis+GyrLandis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Today, the Company offers the broadest portfolio of products and services in the electricity metering industry, and is paving the way for the next generation of smart grid. With annualized sales of more than US$1.5 billion, Landis+Gyr, an independent growth platform of the Toshiba Corporation (TKY:6502) and 40% owned by the Innovation Network Corporation of Japan, operates in 30 countries across five continents, and employs 5,000 people with the sole mission of helping the world manage energy better. More information is available at landisgyr.com. About West Bengal State Electricity Distribution Company Limited WBSEDCL is one of the most respected distribution utilities in India, aggressively pursuing both rural electrification needs as well as replacing its meter park with electronic meters—an effort underway since 2009. The utility supplies 96% of power in West Bengal, including parts of the large metropolitan city of Kolkata and its suburbs. SOURCE Landis+Gyr
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV