CyanConnode secures critical supplies for rapid India growth (LON:CYAN)

CyanConnode Holdings

CyanConnode Holdings plc (LON:CYAN), a world leader in narrowband radio frequency (RF) mesh networks, is currently undergoing a period of significant growth in the Indian smart metering industry. Please find below a recent interview with Ratna Garapati, MD & CEO of CyanConnode India, conducted by Directors’ Talk Interviews. In the interview, Mr. Garapati discusses the rapid growth of the Indian smart metering market and the company’s role in supporting the Government of India’s vision of connecting 250 million homes with smart meters. He highlights CyanConnode’s competitive edge in the market, its commitment to climate action and sustainability, and its plans to maintain its leadership position as the market continues to expand.

During the 9 minute interview, Mr Garapati highlighted the importance of the Revamped Distribution Sector Scheme (RDSS), which has been introduced to tackle challenges faced by the power sector in India. These include high aggregate technical and commercial losses and the gap between the average cost of supply and the average revenue realized. The RDSS aims to deploy smart meters on a large scale, and there are already tenders targeting approximately 100 million smart meters in the market.

CyanConnode’s technology is ideally suited for the rollout in India, thanks to its compliance with government regulations, robust security features, cost-effectiveness, reliability, and versatility. The company’s RF communication technology operates within the license-free spectrum for smart metering and employs advanced encryption techniques to ensure customer data privacy and security.

Ratna also revealed CyanConnode’s plans to introduce a long-range RF solution designed to benefit rural areas and overcome limitations of cellular coverage, along with a universal Head-end system. This solution has already been successfully tested in the state of Himachal Pradesh in India.

As smart meters become increasingly important in India’s energy transition, they will facilitate bidirectional data and energy flow between consumers and utilities, thus enabling better integration of renewable energy sources. With its expertise in the Indian ecosystem and proven track record, CyanConnode is confident in maintaining its leadership position in the future.

The full interview with Ratna Garapati can be viewed here:

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