Genus Power Infra shares surged 5% to hit the upper circuit today after the company bagged three large orders worth over Rs 3,000 crore on August 20. Shares of Genus Power Infra were at Rs 437.75 on the NSE today. This is the company’s second large order in this month. With this order, the company’s orderbook now stands at Rs 28,000 crore.
Genus Power Infra stock has surged over 75% in the last one month itself on hopes of order wins as the company is the largest beneficiary of the smart meter play in India.
On August 20, 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.
On August 19, Genus Power shares hit a 5% upper circuit after the company’s subsidiary secured three Letters of Awards (LoA) worth ₹2,925.5 crore for smart metering projects. The contracts, awarded to the company’s wholly-owned subsidiary, involved the design, supply, installation, and commissioning of approximately 3.75 million smart prepaid meters.
