Genus Power Infrastructures Ltd adds ~Rs. 325 crore orders across segments

Genus Power Infrastructures Ltd, today announced that it has received ~ Rs. 325 crore worth of orders. These orders are across Exports geography and Domestic geography. Within Domestic Geography, orders have been received for Smart Meters across multiple State Electricity boards and Gas Meters. These orders will be executed over next 12 months. With these orders, the company has crossed Rs. 1,000cr orderbook.

Commenting on the order, Mr. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructure said, "The order wins give lot of visibility to our revenues for the next few quarters. It also signals a strong start to order inflow for our industry. Genus is a leader in the smart meter business in India and the structural changes in the Industry, strong digitization eco-system created by the Government of India and improving efficiency of the SEB's, will lead to a sustainable growth for Genus in times to come. We are particularly pleased to add orders in the upcoming segment of Gas Meters which will diversify our orderbook. The orders of the Exports segment are also lucrative as they come with better margin profile and cashflows. Going forward, we expect the tendering activity to pick up and increase the pace of execution."

Shares of Genus Power Infrastructures Limited was last trading in BSE at Rs. 71.35 as compared to the previous close of Rs. 71.65. The total number of shares traded during the day was 76515 in over 947 trades.

The stock hit an intraday high of Rs. 72.45 and intraday low of 70.40. The net turnover during the day was Rs. 5471742.00.

Source : Equity Bulls

Keywords

GenusPowerInfrastructures INE955D01029 OrderWin OrderBook