Genus Power Infrastructures today announced that its wholly-owned subsidiary has secured three significant contracts totaling ₹4,469.04 crore (net of taxes). These orders pertain to the appointment of Advanced Metering Infrastructure Service Providers (AMISPs) for the design, supply, installation, commissioning, and ongoing management of approximately 5.59 million smart prepaid meters and related systems.
Mr. Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures Ltd., expressed confidence in the company’s continued growth trajectory. “We are pleased to announce that Genus Power Infrastructures Limited continues its remarkable growth with the successful securing of significant orders, further solidifying our leadership position in the smart metering sector. Over the past few weeks, we have won three major orders, cumulatively valued at ₹11,003.08 crore (net of taxes).”
These recent wins include contracts worth ₹2,925.52 crore (net of taxes) secured in the third week of August and an additional ₹3,608.52 crore (net of taxes) awarded earlier this month. Together, these achievements boost the company’s total order book to approximately ₹32,500 crore (net of taxes), ensuring strong visibility for the company’s future growth over the next 8 to 10 years.
The contracts cover the full spectrum of AMI services, including the design, supply, installation, commissioning, and management of smart meters. These projects are critical to India’s energy infrastructure transformation, as they aim to enhance operational efficiencies and enable effective management of large-scale projects.
Mr. Agarwal emphasized the importance of these orders in maintaining the company’s competitive edge in the industry, noting that ongoing investments in workforce expansion and system upgrades will be key to the successful execution of these projects. “As we celebrate these achievements, we reiterate our commitment to delivering value to our clients and shareholders, leveraging our expertise to contribute to the digital transformation of India’s energy infrastructure,” he added.
