RCS - CyanConnode Holdings - Hardman & Co - Indian smart meter programme update

Cyanconnode HoldingsAnnouncement

09/11/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221109:nRSI7314Fa&default-theme=true

RNS Number : 7314F  CyanConnode Holdings PLC  09 November 2022

Hardman & Co Research on Cyanconnode (CYAN):

Indian smart meter programme update

On 14 and 15 October 2022, the Indian Ministry of Power held a "Brainstorming
Session" at the Power Ministers' Conference. The presentation for the session
contains a detailed update on the smart meter rollout in terms of rationale,
targets and current progress. The Indian Government's commitment to achieving
the replacement of 250m meters remains emphatic, likely reinforced by the
positive benefits delivered so far in terms of key metrics, such as billing
and collection efficiency. Deployments of some 179m meters have been
sanctioned, of which c.35% are at various stages of the tendering/award
process. CyanConnode remains a proven vendor and supplier to many prime
contractors, boding well for the company.

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/indian-smart-meter-programme-update/
(https://hardmanandco.com/research/corporate-research/indian-smart-meter-programme-update/)

If you are interested in meeting the company, you can register your interest
by clicking on the above link.

 

 To contact us:                       Contact:

 Hardman & Co                         Milan Radia           mr@hardmanandco.com (mailto:mr@hardmanandco.com)

1 Frederick's Place

                                    +44 (0)203 693 7075
 London

 EC2R 8AE

 www.hardmanandco.com

 Follow us on Twitter @HardmanandCo

Hardman & Co Research can still be accessed for free after MiFID II.
Please click here (http://hardmanandco.com/mifid-ii) to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is
an appointed representative of Capital Markets Strategy Ltd and is authorised
and regulated by the Financial Conduct Authority; our FCA registration number
is 600843. Hardman Research Ltd is registered at Companies House with number
8256259. Attention is drawn to the important disclaimers at the end of the
report.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRABPBFTMTJMBFT