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Genus Power Infrastructures incorporates wholly owned subsidiary

23 Aug 2022 Evaluate

Genus Power Infrastructures has incorporated a company in the name of ‘Hi-Print Metering Solutions’ in India on August 22, 2022 as a 100% Wholly Owned Subsidiary of the Company with the object to carry on the business of installing/operating all types of smart metering (including Energy metering, Gas metering, and Water metering) on turn-key basis or under CAPEX-OPEX-TOTEX base BOOT Model.

The Company has subscribed initial capital of 1,00,000 Equity Shares of Rs 1 each aggregating to Rs 1,00,000 in the wholly owned subsidiary.

Genus Power Infrastructures (GPIL) is engaged in the manufacture and distribution of electronic energy meters, power distribution management projects, hybrid microcircuits, inverters, batteries, home UPS and online UPS in India and abroad.

Peers
Company Name CMP
Waaree Energies 2471.40
Apar Industries 17805.35
Havells India 1092.60
Suzlon Energy 42.55
Siemens 3770.00
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