Genus Power Infra incorporates two-wholly owned subsidiaries; Stock rises

8 Sep 2022 , 01:34 PM

Genus Power Infrastructures Ltd has informed to the exchanges that wholly-owned subsidiary companies of the Company in the name of “Hi-Print Energy Solutions Private Limited” and “Hi-Print Infra Private Limited” have been incorporated on August 31, 2022 and September 02, 2022.

As per the regulatory fling, both the wholly-owned subsidiaries belong to Power Distribution business.

Furyther, they are incorporated in order to bid separately across varied smart meter tenders.

In addition to this, the main object of both the subsidiaries is to carry on the business of manufacturing / installing / operating all types of smart metering (including Energy metering, Gas metering, and Water metering) instruments / projects etc., on turn-key basis or under CAPEX-OPEX-TOTEX base BOOT Model.

At around 2:34 PM, Genus Power Infrastructures Ltd is currently trading at Rs90.05 per share up by Rs0.55 or 0.61% from its previous closing of Rs89.50 per share on the BSE.

For feedback and suggestions, write to us at [e-mail]