Wipro has signed a multi-year contract with Saudi Electric Company’s National Grid SA to implement a Smart Meter Data Management (MDM) system for the Kingdom’s transmission network.
Under the agreement, Wipro will design, develop, and implement the new MDM system infrastructure. The system will support continuous monitoring and provide real-time data on power flow, voltage, and equipment status. It is to help National Grid SA improve grid planning through forecasting and reporting features.
The applications integrated into the system aim to support faster fault detection, enable proactive maintenance, and offer greater visibility into energy usage. This is expected to help optimise power dispatch, reduce outages, and manage operating costs more efficiently, as per the reports.
Wipro’s implementation of the MDM system aligns with broader digital transformation plans in Saudi Arabia. The new platform is expected to serve as part of a larger modernisation plan within the region’s energy infrastructure.
In Q1FY26, Wipro reported a consolidated net profit of ₹3,336 crore, a 10% increase year-on-year and a 7% decline quarter-on-quarter. Revenue from operations stood at ₹22,134 crore, up from ₹21,964 crore in the same quarter last year.
Read more: Wipro; Posted Q1FY26 Results & ₹5 Dividend Announced!
As per exchange filings, the total contract value (TCV) bookings for the quarter reached $4,971 million, up from $3,955 million in the previous quarter and $3,284 million year-on-year. Large deal TCV stood at $2,666 million, compared to $1,154 million in the March quarter and the year-ago period.
Revenue guidance for Q2FY26 is between $2,560 million and $2,612 million, showing a possible growth of -1% to 1% in constant currency.
As of 9:31 AM on July 25, 2025, Wipro share price was trading at ₹259.80, a 0.78% decrease.
The agreement with National Grid SA adds to Wipro’s growing list of global infrastructure projects, while recent financials show stable deal momentum despite market uncertainties.
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Published on: Jul 25, 2025, 9:51 AM IST
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