Genus Power Infrastructures receives LOA for Rs. 828.57 crores order

Genus Power Infrastructures Ltd., has received a letter of award (LOA) for appointment of Advanced Metering Infrastructure Service Provider (AMISP) including design of AMI system with supply, installation and commissioning of 10 Lakhs Smart Prepaid Meters, DT Meter level energy accounting and FMS of these 10 Lakhs smart meters.

This is the single largest order finalized by any state utility in the country for AMISP. This order reaffirms our market position and capability as a technologically advanced metering solutions provider.

At this Mr. Jitendra Kumar Agarwal, Joint MD commented, "We are delighted to share with you that we have won the single largest order as an AMISP from a State owned utility. Our proven credentials able to supply, deploy and maintain technically advanced products and solutions over the years have helped us to secure such a big order and establish our position of market leader in the smart metering solutions providers.

Shares of Genus Power Infrastructures Limited was last trading in BSE at Rs. 103.35 as compared to the previous close of Rs. 101.00. The total number of shares traded during the day was 346795 in over 5503 trades.

The stock hit an intraday high of Rs. 109.00 and intraday low of 99.55. The net turnover during the day was Rs. 36388894.00.

Source : Equity Bulls

Keywords

GenusPowerInfrastructures INE955D01029 OrderWin PrepaidMeters SmartMeters