Mahanagar Gas Limited is partnering with digital infrastructure firm Tata Communications to deploy smart meters in Mumbai.
Mahanagar Gas Limited will install 5,000 smart gas meters to enable residential and business consumers to accurately monitor gas usage in real-time.
Tata Communications will provide its low-power, long range LoRaWAN IoT network for smart meter connectivity.
The IoT network will enable the smart gas meters to remotely communicate consumer energy usage data to the utility.
The smart gas metering system will help MGL to eliminate manual meter reading and reduce human error and costs associated with reading meters manually.
The system will help improve revenue collection through accurate energy metering and billing, as well as help Mahanagar Gas Limited to optimise operational efficiency through personalisation of services to customers.
Rajeev Mathur, Managing Director Mahanagar Gas Limited, said: “We want to help our customers better understand their energy use, save money and reduce their carbon footprint – while improving our own operational efficiencies.
“Smart meters connected to Tata Communications’ IoT network will enable households and businesses to access insights on their gas usage in real-time using an interactive online dashboard.”
VS Shridhar, Senior Vice President and Head for Internet of Things, Tata Communications, added: “Our recent India-wide research found that the home is where people expect IoT to make a big difference, with over 90% of people surveyed saying that they would like to use IoT to monitor their home appliances remotely in real-time, for example.
“Smart metering is one of many IoT-enabled applications that could transform how people live and engage with the world around them, and how businesses operate and engage with their customers. We look forward to working with MGL and other innovative utility companies, as they harness the power of IoT to improve the way they serve their customers and manage all aspects of their operations.”
MarketsandMarkets forecasts India to increase its smart meter installations to reach 130 million installations over the next three years.
Revenue generation in the country's smart meters market is expected to grow form $1.59 billion in 2016 to $ 2.27 billion by 2021.