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Genus Power Infrastructures Ltd wins order for 4.31 lakhs smart meters

Posted On: 2018-10-10 12:12:41

Genus Power Infrastructures Ltd, has won an order from a State-owned utility for implementation of Advanced Metering Infrastructure (AMI) including supply of 4.31 lakhs smart meters. The value of the order is pegged at Rs. 312 Crores (net of tax).

This is the single largest order for AMI, directly finalized by any state utility in the country. This order reaffirms our market position, as a supplier of technologically advanced metering solutions.

At this Mr. Jitendra Kumar Agarwal, Joint MD commented, "We are pleased to share with you that we have won the large order of smart metering solutions from a State owned utility. This is the largest order of smart metering solutions, finalized by any State Electricity Board. Our proven credentials to be able to supply technically advanced products and solutions over the years has helped us to secure such a big order and establish our position of market leader in the smart metering solutions providers.

Our unrelenting focus on product development and order fulfilment, has helped us expand our order book and are well positioned to grab further opportunities the market presents."

Shares of GENUS POWER INFRASTRUCTURES LTD. was last trading in BSE at Rs.25 as compared to the previous close of Rs. 26.45. The total number of shares traded during the day was 102448 in over 637 trades.

The stock hit an intraday high of Rs. 27 and intraday low of 23. The net turnover during the day was Rs. 2540950.


Source: Equity Bulls

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