| Metering Business | Smart electricity meters, prepaid meters, smart gas and water meters, AMISP turnkey solutions including installation and maintenance. | In-house manufacturing, extensive order book, exclusive AMISP partnerships, integrated software-platform capabilities. | B2B - Power utilities, DISCOMs primarily in India, also gas and water utility companies. | Integrated AMISP services and software solutions like MDMS with higher profitability. | 80839 | 93 | Sales of meters, long-term service contracts under AMISP model, software licensing. | Contract-based sales with multi-year recurring revenues from AMISP projects. | Government smart grid programs, digitalization, technology advancements, expanding AMISP deployment. | |
| Strategic Investment Activity | Investment in subsidiaries and associates related to smart infrastructure. | Strategic stakes provide diversification and anticipated long-term gains. | N/A | | 605 | 7 | Returns from associate companies and strategic investments. | Investment income. | Value creation through associates in smart infrastructure sector. | |
