Genus Power spurts ~6% on securing order worth Rs828.57 crore from State Utility

29 Apr 2022 , 11:38 AM

Genus Power Infrastructures Ltd. has received a letter of award (LOA) for appointment of Advanced Metering Infrastructure Service Provider (AMISP) including design of AMI system with supply, installation, and commissioning of 10 Lakhs Smart Prepaid Meters, DT Meter level energy accounting and FMS of these 10 Lakhs smart meters.

This is the single largest order finalized by any state utility in the country for AMISP. This order reaffirms the company’s market position and capability as a technologically advanced metering solutions provider.

Mr. Jitendra Kumar Agarwal, Joint MD commented on the new order, “We are pleased to share with you that we have won the single largest order as an AMISP from a State-owned utility. Our proven credentials able to supply, deploy and maintain technically advanced products and solutions over the years have helped us to secure such a big order and establish our position as the market leader in the smart metering solutions providers.”

At around 11.35 AM, Genus Power’s counter was trading 6.29% higher at Rs107.30 against its previous close of Rs100.95 on NSE. It hit intraday high of Rs109.30 so far, near its 52-week high of Rs112.50.