"A deal was signed last week between Skymet and Maharashtra, appointing us as a consultant to set up more than 2,000 automatic weather stations across the state using the public-private partnership (PPP) route," Skymet head of instrumentation Yogesh Patil told PTI here on the sidelines of a meet organised by the company.
In 2011, Omnivore Capital, whose anchor investor is Godrej Agrovet, had picked up 33 per cent stake in Skymet for around Rs 10 crore. The remaining stake in Skymet is owned by a former Aaj Tak journalist Jatin Singh, who is its founder, as well as his father B K Singh, who used to be a vendor-contractor to the Pune-based Indian Meteorological Department.
Aaj Tak also happens to be one of Skymet's clients along with other media houses such as Reuters (Reuters Market Light), Times Now, Dainik Jagran, Telegraph, Mint, Hindustan Times, Sakshi TV, Zee News and Zee TV.
Skymet also provides data to power companies like Reliance Energy, CESC Kolkata, Torrent Power and North Delhi Power as well as general insurers like Agriculture Insurance Company of India, ICICI Lombard, HDFC Ergo and Iffco-Tokio, Patil said.
"We provide real-time weather data to insurance companies for third-party settlements crop insurance claims. We also provide remote sensing solutions, which can predict crop yield, apart from calculating crop acreage. Besides this, we also provide an agri advisory services. We also do wind and solar energy forecast as well as energy analytics," Patil said.