Genus Power Infrastructures received an LoI for supply of 5 million single phase prepaid meter with box on back to back arrangement for supply to EESL.

The value of this LoI is pegged at approximately Rs 6.50 bn (net of tax). 

The stock had underperformed the market over the past one month till Jul. 31, 2018, falling 4.66% compared with the Sensex's 6.16% rise. It underperformed the market in past one quarter, declining 23.34% as against 6.96% rise in the Sensex.

Shares of the company gained Rs 2.1, or 5.02%, to trade at Rs 43.90. The total volume of shares traded was 123,468 at the BSE (12.59 p.m., Wednesday).