This is great news for Itron (ITRI) today.  Its subsidiary Actaris has won a joint contract with Arad Technologies of Israel to provide 150K water meters to the city of Mumbai which is half of an expected 300K order.  The total project of installing 1.2 million water meters throughout Mumbai is expected to come at a cost of $128 million.  Both companies expect to receive follow on orders for the project because of the complexities … Read the rest