Genus Power Infrastructures Ltd, has won an order for supply, installation, shifting & commissioning of "30,000 3Q meters, LT CT & HT meters with accessories including generation of first bill cycle & other incidental services. The value of the order is pegged at "Rs. 125 Crores.
We have won an order under the government schemes - Deendayal Upadhyay Gram Jyoti Yojna (DDUGJY) and Integrated Power Development Scheme (IPDS). The meters are to be installed at CESU, NESCO, SOUTHCO and WESCO utility in Odisha on turnkey basis.
Supplies are to begin in Q1FY19. This is a significant milestone for Genus which will enhance our market position as a technologically advanced meter supplier.
Post this, our total order book stands at Rs 1,260 cr.
At this Mr. Jitendra Kumar Agarwal, Joint MD commented, "We are pleased to have secured this contract for supply and maintenance of LT, CT & HT Meters. This order, further validates our technical and product development expertise. Our focus on product development and order fulfilment, has helped us expand our order book and position Genus as a supplier of technologically advanced meters."
Shares of GENUS POWER INFRASTRUCTURES LTD. was last trading in BSE at Rs.52.9 as compared to the previous close of Rs. 53.5. The total number of shares traded during the day was 44455 in over 219 trades.
The stock hit an intraday high of Rs. 56.3 and intraday low of 52.5. The net turnover during the day was Rs. 2390528.