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20 June, 2019 03:34 IST
Genus Power Infrastructures bags order worth Rs 3.12 bn
Source: IRIS | 10 Oct, 2018, 09.56AM
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Genus Power Infrastructures, has won an order from a State-owned utility for implementation of Advanced Metering Infrastructure (AMI) including supply of 4.31 Iakhs smart meters. The value of the order is pegged at Rs 3.12 billion (net of tax).

This is the single largest order for AMI, directly finalized by any state utility in the country. This order reaffirms our market position, as a supplier of technologically advanced metering solutions.

Jitendra Kumar Agarwal, Joint MD commented, ''We are pleased to share with you that we have won the large order of smart metering solutions from a State owned utility. This is the largest order of smart metering solutions, finalized by any State Electricity Board. Our proven credentials to be able to supply technically advanced products and solutions over the years has helped us to secure such a big order and establish our position of market leader in the smart metering solutions providers.

Our unrelenting focus on product development and order fulfilment, has helped us expand our order book and are well positioned to grab further opportunities the market presents.''

Shares of the company gained Rs 0.9, or 3.59%, to trade at Rs 26.00. The total volume of shares traded was 2,282 at the BSE (9.46 a.m., Wednesday).

Genus Power Infrastructures Limited   (Q,N,C,F)*

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