Latest news with #SmartMeterDataManagement
Channel Post MEA
4 days ago
- Business
- Channel Post MEA
Wipro Bags Multi-Year Strategic Contract From Saudi Electric Company
Wipro Limited has announced a multi-year strategic contract from Saudi Electric Company – National Grid SA. Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client's meter data platform, enhance operational efficiencies, and better manage risks. 'We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,' said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. 'With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalization ambitions.' Wipro will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment data. Wipro will enable National Grid SA to improve its grid planning through intelligent forecasting and reporting. The intelligent integrations will support proactive maintenance, faster fault identification, and enhance visibility of energy usage patterns. This will allow National Grid SA to optimize its power dispatch, reduce operational costs, and minimize outages, leading to optimal experiences for the end user.
Zawya
5 days ago
- Business
- Zawya
Wipro secures smart grid deal from Saudi Electric Company
Wipro, a leading AI-powered technology services and consulting company, has announced a multi-year strategic contract from Saudi Electric Company – National Grid SA. Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernise the client's meter data platform, enhance operational efficiencies, and better manage risks. "We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,' said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. 'With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realise its innovation and digitalisation ambitions." Wipro will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment data. Wipro will enable National Grid SA to improve its grid planning through intelligent forecasting and reporting. The intelligent integrations will support proactive maintenance, faster fault identification, and enhance visibility of energy usage patterns. This will allow National Grid SA to optimise its power dispatch, reduce operational costs, and minimise outages, leading to optimal experiences for the end user. -OGN / TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Mint
5 days ago
- Business
- Mint
Wipro stock to be in focus on Friday on securing multi-year 'smart grid' deal from Saudi Electric company
Shares of Wipro, the country's fourth-largest tech company, are likely to be on investors' radar during Friday's trading session after the company announced a multi-year strategic contract from Saudi Electric Company—National Grid SA. The company said it will implement a Smart Meter Data Management (MDM) system for the transmission network to modernize the client's meter data platform, enhance operational efficiencies, and better manage risks, according to Thursday regulator filing. 'We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,' said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. 'With our deep domain expertise in the energy sector, smart solutions, and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalization ambitions.' The company will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. 'Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment status. Wipro will enable National Grid SA to improve its grid planning through intelligent forecasting and reporting,' the company said in its regulatory filing today. The intelligent integrations will support proactive maintenance, faster fault identification, and enhanced visibility into energy usage patterns. This will allow National Grid SA to optimize power dispatch, reduce operational costs, and minimize outages—leading to improved experiences for end users. Last week, the company reported a consolidated net profit of ₹ 3,336 crore in Q1FY26, marking a 7% QoQ decline but a 10% YoY increase, beating analysts' projections of ₹ 3,268 crore. Revenue from operations came in at ₹ 22,134 crore, up from ₹ 21,964 crore in Q1FY25, also exceeding the Street's estimate of ₹ 21,829 crore. Despite continued softness in Europe and weak discretionary spending, the IT major reported total bookings (Total Contract Value or TCV) of $4,971 million, a sequential improvement from $3,955 million in the previous quarter. On a YoY basis, bookings rose from $3,284 million in the same quarter last year. Large deal TCV stood at $2,666 million, up sharply from $1,154 million in both the March quarter and the year-ago period. Against this backdrop, the company expects revenue from its IT Services business to be in the range of $2,560 million to $2,612 million in Q2FY26, implying sequential growth of -1.0% to 1.0% in constant currency terms. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
News18
5 days ago
- Business
- News18
Wipro bags a multi-year deal from Saudi Electricity Co
Agency: New Delhi, Jul 24 (PTI) IT services firm Wipro on Thursday said it has bagged a multi-year strategic contract from Saudi Electricity Company (SEC)'s wholly-owned subsidiary National Grid to design and implement a Smart Meter Data Management (MDM) system. The financial details of the deal were not disclosed. Wipro will be responsible for designing, developing, implementing, and supporting a robust MDM system for the Saudi national electricity transmission network, the company said in a statement. The system will utilise intelligent forecasting and reporting tools to help National Grid SA with strategic grid planning and risk management, allowing National Grid SA to optimise its power dispatch, reduce operational costs, and minimise outages, leading to optimal experiences for the end user. 'With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalisation ambitions," said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro. PTI ANK ANK BAL BAL BAL Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Business Upturn
5 days ago
- Business
- Business Upturn
Wipro secures multi-year smart grid contract from Saudi Arabia's National Grid SA
Wipro Limited has secured a multi-year strategic contract from Saudi Electricity Company's National Grid SA to modernize its meter data platform. Under the deal, Wipro will roll out a Smart Meter Data Management (MDM) system aimed at boosting operational efficiency, minimizing risks, and improving the overall reliability of the country's power transmission network. As part of the agreement, Wipro will design, build, and maintain the smart infrastructure and applications required for the MDM system. The solution will enable real-time monitoring of power flow, voltage, and equipment performance, helping National Grid SA strengthen grid stability and responsiveness. The smart system will also support advanced forecasting, reporting, and predictive maintenance—helping detect faults faster and improve energy usage visibility. Ultimately, the initiative is expected to lower operational costs, reduce outages, and offer a better energy experience for end users across Saudi Arabia. Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited, said, 'We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape. With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom's Vision 2030 and help the Kingdom realize its innovation and digitalization ambitions.' Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
