Polaris plans Rs 4,500-cr expansion, battery storage foray
Polaris Smart Metering, backed by US private equity firm I Squared Capital, is investing Rs 4,500 crore in India's smart meter market. They plan to double their production capacity by 2027 and enter the battery energy storage business. Polaris is also considering an IPO as they target 20% market share and expand into grid digitalisation and energy storage.