A wholly-owned subsidiary of Genus Power Infrastructures Ltd has received three smart metering orders, aggregating over Rs.3,500 crore.
In a stock exchange notification, Genus Power said that its (unnamed) wholly-owned subsidiary has received three letters of award worth Rs. 3,608.52 crore (net of taxes) for appointment of advanced metering infrastructure service providers (AMISPs) including design of advance metering infrastructure (AMI) system with supply, installation and commissioning with facility management services (FMS) of about 4.26 million smart prepaid meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.
Genus Power has manufacturing plants across Jaipur (Rajasthan), Haridwar (Uttarakhand) and Guwahati (Assam) with a total installed capacity of over 10 million meters per year.
Growing order book
According to Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures Ltd, “Our company has successfully secured three new orders worth of Rs.3,608.52 crore (net of taxes). This ongoing success highlights the trust our clients place in our expertise and the exceptional quality of our offerings. With these recent orders, our total order book, including all SPVs and the GIC Platform, stands at about Rs.28,000 crore (net of taxes). These concessions are for 8 to 10 years, providing clear visibility into the company’s robust future growth. As we celebrate this achievement, we remain dedicated to upholding the highest standards of quality, innovation, and customer satisfaction.”
Also read: Genus Power reports order book of over Rs.21,000 crore
