Genus Power Infrastructures Limited's wholly owned subsidiary has received three Letter of Awards (LOA) worth totaling to Rs. 4,469.04 crore (net of taxes) for 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 5.59 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.
Mr. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures Ltd. said, "We are pleased to announce that Genus Power Infrastructures Limited continues its remarkable growth trajectory with the successful securing of significant orders, further solidifying our leadership position in the smart metering sector. Over the past few weeks, we have won three major orders, cumulatively valued at Rs. 11,003.08 crore (net of taxes). This includes orders worth Rs. 2,925.52 crore (net of taxes) & Rs. 3,608.52 crore (net of taxes) won in the third week of August and an additional Rs. 4,469.04 crore (net of taxes) secured now. These achievements bring our total order book to about Rs. 32,500 crore (net of taxes). These concessions are for 8 to 10 years, providing clear visibility into the Company's robust future growth.
These order wins underscore the strong confidence our clients place in our capabilities and the superior quality of our offerings. The contracts encompass the full spectrum of AMI services, including the design, supply, installation, commissioning, and ongoing management of smart meters. We remain dedicated to enhancing our operational efficiencies and expanding our capabilities to manage large-scale projects effectively. Our ongoing investments in workforce expansion and system upgrades will enable us to execute these projects with precision, maintaining our competitive edge in the industry. As we move forward, we are confident that these orders will significantly contribute to our growth objectives.
As we celebrate these achievements, we reiterate our commitment to delivering value to our clients and shareholders, leveraging our expertise to contribute to the digital transformation of India's energy infrastructure."
Shares of Genus Power Infrastructures Limited was last trading in BSE at Rs. 444.05 as compared to the previous close of Rs. 445.70. The total number of shares traded during the day was 36630 in over 1255 trades.
The stock hit an intraday high of Rs. 452.85 and intraday low of 442.40. The net turnover during the day was Rs. 16361930.00. |
