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Genus Power Infrastructures Limited has announced the incorporation of two wholly-owned step-down subsidiary companies. The new subsidiaries, Genus Shekhawati Smart Metering Solutions SPV Private Limited and Genus Marwar Smart Metering Solutions SPV Private Limited, were officially established on September 10, 2024.
Shares of Genus Power Infrastructures hit a 5% upper circuit in trade today after the company bagged large orders for smart metering services. As of 9:18 AM, Genus Power share price was at Rs 465.80, up 4.99% on the NSE.
Genus Power Infrastructures today announced that its wholly-owned subsidiary has secured three significant contracts totaling ₹4,469.04 crore (net of taxes).