The outstanding order book position of Genus Power Infrastructures Ltd (Genus) crossed Rs.30,000 crore, as of December 31, 2024.
In a release, Genus said that its total order book position (net of taxes) was Rs.31,302 crore as of December 31, 2024, providing “visibility into robust future revenue growth”.
According to information previously released by Genus, the company’s order book as of September 30, 2024 stood at Rs.31,776 crore (net of taxes). This technically implies that the value of orders commissioned in Q3FY25 (October 1, 2024 to December 31, 2024) was more than the value of new order inflow in the same period.
Much of the order book represents AMISP mandates under RDSS, with a concession period of 8-10 years.
Strengthening operational capabilities
Commenting on the company’s performance in Q3FY25, Jitendra K. Agarwal, Joint Managing Director, Genus Power Infrastructures Ltd, said, “During the quarter, we continued to strengthen our operational capabilities. Our Guwahati plant ramp-up has bolstered our production capacity, enabling us to meet increased demand and execute our strong order book. We achieved key milestones in terms of installation and commissioning across multiple states. We remain on track to achieve our stated revenue target of Rs.2,500 crore for FY25.
Our strategic investments in in-house RF (Radio Frequency) technology, HES (Head-End System), and MDM (Meter Data Management) systems continue to provide us a competitive edge by improving reliability and reducing dependency on external vendors. We are confident in our ability to navigate the complexities of large-scale project execution while maintaining financial discipline.
Our ongoing efforts to diversify into water and gas metering, both in the domestic and international markets, are also progressing well.”
Guwahati plant
It may be noted that during Q3FY25, Genus expanded its overall smart energy meter manufacturing capacity by opening a new facility at Guwahati in Assam. This facility went into commercial production on December 13, 2024. Genus has manufacturing plants at Jaipur (Rajasthan), Haridwar (Uttarakhand) and Guwahati (Assam), with a total annual capacity now exceeding 16 million meters, up from around 10 million meters as of August 2024.
