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"DGVCL Ushers in New Era with Prepaid Smart Meters for Surat. On April 8th, DGVCL will embark on this journey by installing smart meters in Suman Shail Apartment located in the Piplod Division. This pilot project paves the way for a large-scale rollout across the city, with an estimated 17 lakh meters planned for installation over the next 18 months...........The initial phase focuses on seven divisions within Surat circle: Surat City, Surat Rural, Piplod, Rander, Surat Industrial, Vyara, and Kamrej. DGVCL plans to install 3,000 meters daily, translating to approximately 90,000 to 1 lakh meters installed per month."
If these meters contain Cyan technology - then the question is will trigger another subsequent off take order from IntelliSmart !
https://english.loktej.com/article/11046/dgvcl-ushers-in-new-era-with-prepaid-smart-meters-for#google_vignette
Morning ALL,
Am i right in thinking that conservatively a 100k installation rate per month by DGVCL would generate approx. £500 K plus a month for the next 18 months, if Cyan continue to be successful in DGVCL ?
If so , its not hard to imagine once the installations begin in earnest, and assuming Cyan have their share of awards , how these numbers will very quickly transform the revenues of CC. Just need to wait for the installations to be awarded and started.
Just realised the information i posted in last post is is from the RNS from last Oct 23, a framework offtake order from IntelliSmart for 300,000 units , awarded to Cyan which stated that
"The supply of Omnimesh Modules for this project is expected to commence during Q4 FY 2024"
Apologies , yet good news that this is now starting and will be a useful contribution to revenues for 24/25 an beyond.
GL Vas
Good morning Vas and all,
Thank you for sharing the information on DGVCL, it is appreciated.
I think for 100,000 Omnimesh modules that you mentioned, CyanConnode would receive more than £500k. That equates to £5 per unit, if that is what you are indicating. I estimate the value per Omnimesh module to be more than that.
But it may depend on the specification that the client wants - the terrain would need to be taken into account, when tendering for each contract and other such parameters.
A few years ago, I seem to remember the smart meter contract being negotiated seperately from the Support and Maintenance contract. Recent smart meter awards to CyanConnode have the Support and Maintenance contract as part of the overall order value - if it is given
The recent order from MonteCarlo, from January 2024, is one such case. The number of Omnimesh modules was made public, along with other contract details, the overall value was not. Makes it more difficult for the competitors to break-down the individual prices of each segment of the contract.
I hope this helps.
Good Luck Vas and all.
LTI.
Hello Vas,
In reply to your 08:51 post this morning, genrally, it will be interesting to see if and when the existing Strategic Framework Agreement with IntelliSmart is extended or re-negotiated in the near future. CyanConnode must be coming near to that stage at some point, especially with all the contract Awards that have gone through over the last few month's or so, that need to be distributed to sub-contractors.
It would also be an advantage I feel, to CyanConnode in particular and other sub-contractors individually, if this type of Framework Agreement could be incorpotated with companies in general, in connection to the smart meter roll-out. That way individual companies will have time to get prepared and organised, with their individual sub-contractors.
Logistically, it must be a very complex programme to put together and to co-ordinate.
Good Luck,
LTI.
Thanks LT.
Yes, i was being a bit conservative along with my usual vagueness with numbers.
I am wondering as we start the new financial year what with DGVCL at approx 100,000 units being installed a month , the Montecarlo one million unit order and other known awards , what kind of revenue we can expect each month ....the Montecarlo award started in Jan 24, for a total of 27 month - so 24 months left - with a million units to be installed , so that's approx. another 40,000 units a month so these two awards alone give approx. a £million or more a month sales going forward into 24/25
What about the other awards.....and then lastly the awards that we do not know about yet, and may now contribute to this years sales. GL Vas
You are welcome Vas.
It will be welcome, when we get official confirmation on how CyanConnode has performed contractually and financially through the 2023/2024 financial year.
And any other news that may also be of interest, of course.
LTI.
Hi vascular hope your well ....Surat ..first one under scheme
Morning Gizmo.
Yes, Cyan employee's working in Surat for DGVCL.
Here is a Field Engineer who has been working in Surat for past three months.
Field Engineer
CyanConnode pvt. Ltd.
Feb 2024 - Present 3 months
Surat, Gujarat, India
I work Gateway Installation and smart meter communication and not communication report of DGVCL Smart Metering project
https://in.linkedin.com/in/avanish-kumar-yadav-b453782b8
Thank you both for the update/latest news from DGVCL, it is appreciated.
LTI.