Genus Power Infrastructures Limited, through its wholly-owned subsidiary, has won three significant orders totaling ₹3,608.52 crore. These orders are for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs) to design, supply, install, and commission approximately 4.26 million smart prepaid meters, including DT meters. The project also includes energy accounting on a DBFOOT basis.
Key Highlights
- Order Value: The total value of the three orders amounts to ₹3,608.52 crore (net of taxes).
- Project Scope: The orders involve the installation and commissioning of about 4.26 million smart prepaid meters. This includes both system meters and DT meters, ensuring comprehensive energy accounting.
- Company’s Statement: Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures Ltd., expressed pride in securing these new orders. He emphasized that the company’s total order book now stands at approximately ₹28,000 crore, providing strong growth visibility for the next 8 to 10 years.
- Industry Leader: Established in 1995, Genus Power Infrastructures Ltd. is a leading player in India’s electricity metering solutions industry, holding about 27% market share. The company is recognized for its smart metering solutions and has a robust in-house R&D center.
- Manufacturing and Clients: Genus Power operates manufacturing plants in Jaipur, Haridwar, and Guwahati, with a combined capacity of over 10 million meters. Their key customers include major state electricity boards and private utilities across India.
Summary Table
| Order Details | Information |
|---|---|
| Total Order Value | ₹3,608.52 crore (net of taxes) |
| Project Scope | 4.26 million smart prepaid meters, including DT meters |
| Order Duration | 8 to 10 years |
| Total Order Book | ₹28,000 crore |
| Company Market Share | 27% in electricity metering solutions |
