Genus Power Infrastructures wins order worth Rs 1,026.31 crores

Genus Power Infrastructures Limited's wholly owned subsidiary has received a Letter of Award (LOA) worth Rs. 1,026.31 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 a 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, "In relatively short span, since July 2023, our company has secured a total of seven orders, amounting to about Rs. 16,185 crore (net of taxes). This consistent success reflects the trust our clients place in our capabilities and the superior quality of our offerings. 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). As we celebrate this achievement, we remain committed to maintaining the highest standards of quality, innovation, and customer satisfaction."

Shares of Genus Power Infrastructures Limited was last trading in BSE at Rs. 234.50 as compared to the previous close of Rs. 223.35. The total number of shares traded during the day was 216130 in over 1794 trades.

The stock hit an intraday high of Rs. 234.50 and intraday low of 230.35. The net turnover during the day was Rs. 50614862.00.

Source : Equity Bulls

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