Demand for meters, both for Single Phase and Three Phase has shrunk. However, there were some tenders available but finalization the same were taking too much time. Also, the budget allocation under R-APDRP and RGGVY have been substantially reduced. Due to this, by the mid of 2013, the payment situation went from bad to worse with payment cycle being around 6 months on an average. Also, volume enquires dropped as major chunk was for R-APDRP. In addition to orders from 14 Smart Grid Pilots, there were some short term tenders from Tamil Nadu, Rajasthan and Gujarat, which provided some relief to industry.
IEEMA members hold 5% of the total market share of Meter Industry and combined revenue is around INR. 2500 Crore.