MoneyWorks4Me

Genus Power Infrastructures’ arm gets LoA worth Rs 2,259.94 crore

08 Nov 2023 Evaluate

Genus Power Infrastructures’ wholly owned subsidiary has received a Letter of Award (LOA) worth Rs 2,259.94 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 27.33 lakh Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.

Numerous State Electricity Boards (SEBs) have commenced the bidding process to procure smart meters, underscoring the positive impact of the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme.

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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