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Polaris to Invest Rs 4,500 Crore in Expansion and Battery Storage in Rajasthan

ENERGY STORAGE

Polaris Smart Metering plans a Rs 4,500 crore investment by 2027, including a new 250,000 sq ft facility in Rajasthan by December 2026, doubling its smart meter production capacity to 10 million units annually. The company aims to increase its market share from 10% to 20% as part of India's smart metering rollout and is entering the battery energy storage market with a planned capacity of at least 5 GWh. An IPO is also being considered to support growth.

Polaris to Invest Rs 4,500 Crore in Expansion and Battery Storage in Rajasthan

Feb 11, 2026, 12:35 PM

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