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Adani Energy Solutions gets CCI approval for Rs 3,050cr IntelliSmart deal, but Rs 5,500cr rollout bill looms

India's competition regulator has approved Adani Energy Solutions' acquisition of IntelliSmart Infrastructure, advancing a deal that could create a smart metering portfolio exceeding 4.7 crore contracted meters. The transaction strengthens the group's position in electricity distribution digitalisation, although significant installation expenditure and integration requirements remain before the expanded portfolio can generate its expected returns.