Genus Power Infrastructures’ wholly owned subsidiary has received a letter of award (LOA) of Rs 2,209.84 crore (net of tax) for appointment of Advanced Metering Infrastructure Service Provider (AMISP) including design of AMI system with supply, installation and commissioning of 21.77 lakh Smart Prepaid Meters, on DBFOOT (Design, Build, Finance, Own, Operate, Transfer) basis under Revamped Distribution Sector Scheme (RDSS). Post this order inflow, company’s total order book stands at in excess of Rs 8,200 crore (net of tax).
Many State Electricity Boards (SEBs) have initiated the process of inviting bids for the deployment of smart meters, which serves as a testament to the positive impact of the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme'. Based on its analysis, the company anticipates a robust surge in order volumes during the forthcoming quarters of fiscal year 2024.
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.
| Company Name | CMP |
|---|---|
| Havells India | 1252.00 |
| Siemens | 3833.00 |
| Apar Inds | 12388.25 |
| ABB India | 7213.65 |
| Waaree Energies | 3205.60 |
| View more.. | |
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