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Hot Pursuit News

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(15 Dec 2023, 11:10)

Genus Power hits the roofs as arm bags LoA worth Rs Rs 1,026 cr

Genus Power Infrastructures was locked in an upper circuit of 5% at Rs 234.50 after the company announced that its wholly owned subsidiary received a letter of award (LoA) valuing at Rs 1,026.31 crore.


The said LoA is received for the appointment of advanced metering infrastructure service providers (AMISPs) including design of advance metering infrastructure (AMI) system with supply, installation and commissioning with FMS of about a million smart prepaid meters, system meters including DT meters with corresponding energy accounting on design build finance own operate transfer (DBFOOT) basis.

Jitendra Kumar Agarwal, joint managing director, Genus Power Infrastructures, said, “Since July 2023, our company has secured a total of seven orders, amounting to about Rs 16,185 crore (net of taxes). With the addition of the recent order, our total order book has now surpassed the significant milestone of Rs 20,000 crore (net of taxes).”

Genus Power Infrastructures is amongst the large...

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