EDF Aims to Raise $100 Million for Smart Meter Business Expansion

28 Dec 2023 CW Team

EDF, the French government-owned utility services provider, is reportedly looking to raise $100 million to fuel the expansion of its smart meter business. The move is part of a strategic initiative to enhance and broaden the deployment of smart meters, aligning with the global trend towards advanced metering infrastructure for improved energy management.

The fundraising effort signals EDF's commitment to investing in innovative technologies that contribute to the modernisation of energy infrastructure. With government backing, the utility aims to play a significant role in the evolution of smart metering solutions, promoting energy efficiency and sustainability.

As EDF advances its smart meter business expansion plans, the move reflects the utility's vision for a more interconnected and digitally enabled energy landscape. The funds raised are expected to support the deployment of smart metres, empowering consumers and optimising energy consumption patterns in line with evolving technological advancements.

Building Material

03 Apr 2026

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..

Centre Disburses Over Rs 24,610 mn in XV Finance Commission Grants

The Union Government has released XV Finance Commission tied grants during the financial year 2025–26 to rural local bodies in Chhattisgarh, Gujarat, Madhya Pradesh, Punjab and Sikkim and has released withheld portions of tied and untied grants to Himachal Pradesh, Odisha and Tripura. The total disbursal exceeded Rs 24,610 mn, with figures expressed in million (mn) thereafter. The releases cover allocations pertaining to different financial years and aim to strengthen rural local governance. State-wise disbursements included Rs 3,324.6 mn for Punjab, Rs 9,432.7 mn for Madhya Pradesh, Rs 3,47..