CCI Seeks Further Information on Adani Energy Solutions' IntelliSmart Acquisition

Adani Energy Solutions Ltd (AESL) announced its agreement on June 9 to acquire IntelliSmart Infrastructure, with the transaction contingent on antitrust approval. The acquisition is expected to finalize within 180 days. IntelliSmart is a joint venture between the state-controlled National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Ltd (EESL).

AESL stated that the acquisition would position it to become India's largest smart metering platform, with a portfolio exceeding 47 million smart meters. IntelliSmart currently ranks among the top three smart metering providers in India, managing over 22 million meters across five states.

A summary of the proposed combination identified "horizontal overlaps" in the market for advanced metering infrastructure (AMI) deployment for electricity in India. Additionally, the summary noted downstream and upstream vertical overlaps in the deployment of meters for piped natural gas (PNG) city gas distribution in India. Overlaps or linkages were also identified in the provision of cloud services in India.

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TSM Enerji

TurkeyProduct Vendor / Manufacturer / OEM

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TSM Enerji is now available on NucFinder as a validated supplier.

Company Description

TSM Energy plays a significant role in the design and delivery of products needed for the Oil and Gas Complex, Housing and Infrastructure, Energy, Metallurgy and Mining, Food Industry, Chemical Industry, Water Facilities and Wastewater Treatment Plants sectors. In this context, we offer comprehensive supply and localized solutions based on proven global and Turkish technologies in Turkey:

Shut-off and control valves / API Valves
Industrial pumps
Safety valves
Explosion-proof fans/blowers
CCR fan units
MVR blowers (fans)
Radial fans
Turbochargers/blowers

All these products are supplied in accordance with international standards.

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India and France Review Nuclear Cooperation and Supply Chain Localization

Officials from India and France recently reviewed their cooperation on the proposed deployment of European Pressurised Reactor (EPR) technology in India. Discussions included the localization of the nuclear supply chain and pumped hydro storage projects. Power Secretary Pankaj Agarwal met with Bernard Fontana, Chairman and CEO of EDF, in New Delhi to assess the ongoing engagement between India and EDF.

EDF provided an update on its efforts to develop an ecosystem and supply chain within India to support large-scale localization. The company emphasized that a substantial program involving multiple nuclear reactors would offer greater certainty to suppliers and enable economies of scale by leveraging Indian industrial capabilities.

The discussions also addressed India's regulatory reforms for the nuclear power sector. Agarwal informed the French delegation about the progress in finalizing the regulatory framework, including the draft SHANTI (Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India) Rules and Regulations. These proposed rules aim to establish a streamlined, time-bound licensing framework and facilitate participation from private and foreign partners in India's nuclear power program.