Genus Power Infrastructures wins orders worth Rs 2,925.52 crore

Genus Power Infrastructures Limited's wholly owned subsidiary has received three Letter of Awards (LOA) worth totaling to Rs. 2,925.52 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 3.75 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, our Company has successfully secured three new orders worth of Rs. 2,925.52 Crore (net of taxes). This ongoing success highlights the trust our clients place in our expertise and the exceptional quality of our offerings. With these recent orders, our total order book, including all SPVs and the GIC Platform, exceeds Rs. 24,383 crore (net of taxes). These concessions are for 8 to 10 years, providing clear visibility into the Company's robust future growth. As we celebrate this achievement, we remain dedicated to upholding the highest standards of quality, innovation, and customer satisfaction.

Shares of Genus Power Infrastructures Limited was last trading in BSE at Rs. 388.85 as compared to the previous close of Rs. 384.25. The total number of shares traded during the day was 114649 in over 2617 trades.

The stock hit an intraday high of Rs. 399.50 and intraday low of 386.60. The net turnover during the day was Rs. 45034445.00.

Source : Equity Bulls

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GenusPowerInfrastructures INE955D01029 OrderWin