Billing equipment: Sunrise industry? - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Billing equipment: Sunrise industry?

Dec 12, 2000

The transmission and distribution (T&D) equipment major Asea Brown Boveri (ABB) has bagged an order to supply of 10,890 energy meters to Brihan Mumbai Electric Supply & Transport Undertaking (BEST). The order is valued at Rs 103 m. ABB is the latest in line of a growing list of companies who are looking at selling sophisticated energy meters to utilities. Power generation and distribution major, BSES Limited’s 100% subsidiary BSES Telecom provides computerised billing services to various state electricity boards. It is also looking at manufacturing single-phase domestic consumer electronic meters. Of late, more and more utilities are becoming commercially savvy and focusing on computerised billing services as well as management information systems to control distribution losses and reduce their outstandings.

The Indian power sector not only suffers from high transmission and distribution losses but also from large-scale pilferage of electricity. In the last five decades, uneducated or semi-educated people’s representatives, who have actually considered the organisation of the state electricity board as their fiefdom have utilised the state electricity boards to serve their purpose, rather than that of the society. This problem has also been aggravated sometimes, by the collusion between employees, consumers and the people’s representatives. As a result, a certain mass of consumers feel that it is the government’s job to supply electricity and it is their right to consume without paying for it.

Outdated electricity meters, which can be tampered with, do not enjoy the confidence of both the paying consumers and the utility companies. Hence, the need for intelligent energy meters. Whether the power distribution is state run or private, both will increasingly require proper billing systems to help ascertaining the outstandings, and also keep a tab on the pilferage activities. These meters will not only enhance accuracy but would also be tamper proof. As the industry gets more professional, these systems will be increasingly used.

It is no wonder then, that equipment companies like ABB and utility companies like BSES are increasingly looking at taking advantage of this growing segment.

Equitymaster requests your view! Post a comment on "Billing equipment: Sunrise industry?". Click here!

  

More Views on News

What Triggered the Over 10% Surge in Greaves Cotton Today? (Views On News)

Jun 17, 2021

Last week, the stock of Greaves Cotton has soared 23%. What's fueling the rally?

BHEL Shares Tumble 18% on Disappointing March Quarter Results (Views On News)

Jun 14, 2021

BHEL's net loss narrowed to Rs 10.4 bn in the March 2021 quarter.

Videocon Hits Upper Circuit After NCLT Clears Vedanta Group's Bid (Views On News)

Jun 9, 2021

The stock has fallen over 90% in the last five years. Will it recover?

Mazagon Dock Shipbuilders IPO: Should You Apply? (IPO)

Sep 29, 2020

Should you bet on this public sector defence shipbuilder?

Welspun Corp Hits 52-Week High After Securing Orders Worth Rs 17.3 Bn (Views On News)

Jun 9, 2021

Welspun Corp share price touched a 52-week high of Rs 165 per share after the company received multiple orders.

More Views on News

Most Popular

Hotel Stocks Will Reward Investors (Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

My 'Unlock' Investments (Fast Profits Daily)

Jun 11, 2021

The best unlock investments you can make in the market.

The Most Visible Sign of India's Revival is on Two Wheels (Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

How I Discovered a 400-Year-Old Open Secret to Extreme Wealth (Profit Hunter)

Jun 11, 2021

Charlie Munger's open secret about investing success.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

S&P BSE CAPITAL GOODS


Jun 18, 2021 (Close)

S&P BSE CAPITAL GOODS 5-YR ANALYSIS

COMPARE COMPANY

MARKET STATS