Digismart and CWD Consortium Secures Prestigious AMI Project in Goa

CWD Limited, a global IoT design house specializing in wireless technologies, is pleased to announce that its consortium with Digismart Network Private Limited, a global leader in Narrowband RF mesh networks, has received the Letter of Award from the Government of Goa - Electricity Department for the "Appointment of Advanced Metering Infrastructure (AMI) Service Provider for Smart Prepaid Metering in India on DBFOOT basis."

The consortium's bid for this transformative project has been accepted by the Government of Goa, marking a significant milestone in advancing smart energy solutions in the region. The project aims to modernize the electricity metering infrastructure in Goa by deploying state-of-the-art smart prepaid meters powered by advanced IoT communication technologies.

CWD Limited will leverage its expertise in integrated IoT solutions to deliver innovative wireless communication modules for this project. Digismart Network will integrate, implement and deploy these solutions on the ground. Together, the consortium will deliver an end-to-end solution that enhances energy efficiency, improves service delivery, and promotes sustainability.

As per the tender, the volume of smart meters to be deployed and maintained is 9 lakh units. This collaboration underscores CWD's commitment to driving innovation in IoT and contributing to India's digital transformation initiatives.

Commenting on the development, Siddhartha Xavier, Joint MD, stated: "We are grateful to the Government of Goa for entrusting us with this landmark project for the state. The successful execution of this project by all stakeholders will set a benchmark for smart metering initiatives across India. We are delighted to partner with Digismart Network and this collaboration reflects our shared vision of delivering cutting-edge IoT solutions that empower smart cities and drive energy efficiency."

This strategic partnership aligns with both companies' goals to expand their footprint in the IoT and smart energy sectors while contributing to India's mission of achieving sustainable development through technological advancements.

Shares of CWD Limited was last trading in BSE at Rs. 1145.00 as compared to the previous close of Rs. 1173.50. The total number of shares traded during the day was 3500 in over 27 trades.

The stock hit an intraday high of Rs. 1183.95 and intraday low of 1145.00. The net turnover during the day was Rs. 4037620.00.

Source : Equity Bulls

Keywords

INE0H8H01019 CWD ConsumerElectronics Consortium DigismartNetwork LoA GoaGovernment