IT Giant Wins Multi-Year “Smart Grid” Deal from Saudi Electric Company
DSIJ Intelligence-1 / 25 Jul 2025/ Categories: Mindshare, Trending
The company has a market cap of Rs 2.70 lakh crore with a PE of 20x, an ROE of 17 per cent and an ROCE of 19 per cent.
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced a multi-year strategic contract from Saudi Electric Company – National Grid SA. Wipro will implement a Smart Meter Data Management (MDM) system for the transmission network to modernise the client’s meter data platform, enhance operational efficiencies, and better manage risks.
Wipro will design, develop, implement, and support the infrastructure and smart applications for the new MDM system. Through continuous monitoring, the system will improve grid stability by providing real-time data on power flow, voltage, and equipment data. Wipro will enable National Grid SA to improve its grid planning through intelligent forecasting and reporting. The intelligent integrations will support proactive maintenance, faster fault identification, and enhance visibility of energy usage patterns. This will allow National Grid SA to optimise its power dispatch, reduce operational costs, and minimise outages, leading to optimal experiences for the end user.
"We are excited to build a long-standing relationship with National Grid SA and are dedicated to assisting them in navigating the evolving energy landscape,” said Vinay Firake, CEO – Asia Pacific, India, Middle East & Africa (APMEA), Wipro Limited. “With our deep domain expertise in the energy sector, smart solutions and advanced technological capabilities, we are proud to contribute to projects that are essential to the Kingdom’s Vision 2030 and help the Kingdom realise its innovation and digitalisation ambitions."
DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, download the service details here.
About the Company
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realise their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world.
The company has a market cap of Rs 2.70 lakh crore with a PE of 20x, an ROE of 17 per cent and an ROCE of 19 per cent. The stock is up by 16.4 per cent from its 52-week low is Rs 225.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.