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.
Ahmedabad Plane Crash