Apraava Energy has secured a total of $92 million in financing from British International Investment (BII) and Standard Chartered to expand its advanced metering infrastructure footprint in India. The transaction includes Rs 4.005 billion each from BII and Standard Chartered. The funding will support the installation of over 2 million smart meters across households and businesses, contributing to the government’s target of 250 million smart meters by 2026 under the Revamped Distribution Sector Scheme.
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