Bangalore-based Easun Reyrolle Ltd (ERL) said it received a turnkey automatic meter reading (AMR) contract from Infosys Technologies Ltd which is valued at Rs32 crore.
The contract is for the implementation of meter data acquisition solution covering 60,000 distribution transformers and high-tension consumers in the designated 100 towns covering all the five electricity distribution companies in Karnataka. ERL will execute the project in 18 months, it said in a regulatory filing.
On Wednesday, the company shares closed 0.2% up at Rs112 on the Bombay Stock Exchange, while the Sensex ended at 0.3% down at 17,938 points.
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