Genus Power Infrastructures: A Powerhouse in Advanced Metering Infrastructure

Genus Power Infrastructures Limited, an ISO 9001 & 14001 certified company, is an integral part of the US $400 million Kailash Group. Incorporated in 1992, Genus Power has two business divisions offering highly innovative and sustainable solutions to the power sector. The company is engaged in manufacturing and providing Metering and Metering Solutions and undertaking ‘Engineering, Construction, and Contracts’ on a turnkey basis.

Striking Gold: The Big Win

Recently, Genus Power made headlines with its impressive order win worth Rs 2,259.94 crore. This news sparked a 4% intraday rally in the company’s shares, reflecting the market’s positive response to this development.

On a Roll: The Winning Streak

Since July 2023, Genus Power has been on a winning streak, securing six prestigious orders worth about Rs 15,160 crore. These orders involve the installation of approximately 172.03 lakh Smart Prepaid Meters, a testament to the company’s expertise and dominance in the advanced metering infrastructure (AMI) sector.

The recent order win involves the design of an 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.

Past Triumphs: Previous Achievements

Earlier this month, the company’s wholly-owned subsidiary received two letters of awards (LOA) worth Rs 3,115.01 crore for the appointment of AMISPs. In September, the company’s step-down wholly-owned subsidiary won a Rs 2,247.37-crore smart meter order. This order includes designing an advanced metering infrastructure (AMI) system with supply, installation, and commissioning with FMS of 24.18 lakh smart prepaid meters, and system meters including OT meters with corresponding energy accounting under the DBFOOT model.

Looking Ahead: Future Prospects

With a total order book now standing at over Rs 19,000 crore, Genus Power is poised for robust future revenue growth. The company’s board of directors is scheduled to meet on November 9 to consider and approve the unaudited financial results for the quarter and half-year ended September 30.

In conclusion, Genus Power Infrastructures continues to solidify its position in the energy sector with its consistent performance and significant order wins. The company’s focus on advanced metering infrastructure services positions it well for future growth in this rapidly evolving industry.

Disclaimer

The information provided in this blog post is for informational purposes only. While every effort has been made to ensure the accuracy and completeness of the information provided, Genus Power Infrastructures and the author make no guarantee and accept no responsibility for any errors or omissions in the data. This includes any loss of profit or any other damage, direct or consequential.

Investors are advised to do their own due diligence and consult with a professional financial advisor before making any investment decisions. The blog post does not constitute investment advice and should not be relied upon as such. It is not intended to be a substitute for professional advice.

The views expressed in this blog post are those of the author and do not necessarily reflect the official policy or position of Genus Power Infrastructures or any other agency, organization, employer or company. The company names and logos mentioned in this blog post are the trademarks of their respective owners. Any reference to a specific product, process, or service does not constitute an endorsement or recommendation by Genus Power Infrastructures. The company disclaims any liability for any damages or losses, direct or indirect, that may result from the use of or reliance on such information.

This blog post may contain forward-looking statements that involve risks and uncertainties. These statements are based on current expectations and are subject to change without notice. Actual results may differ materially from those projected in the forward-looking statements. Therefore, readers should not place undue reliance on these forward-looking statements.

Keywords : Genus Power Infrastructures, Advanced Metering Infrastructure, Smart Prepaid Meters, Energy Sector, Order Win, Winning Streak, Letter of Award, AMISPs, DBFOOT Basis, Future Revenue Growth, Board of Directors, Financial Results, Robust Growth

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