Genus Power Infrastructures Limited Bags New order worth INR 312 Crores from State Utility
Deepthi | Myequity news | Date : 09-10-2018 14:40:00 IST
Genus Power Infrastructures Ltd, has won an order from a State-owned utility for implementation of Advanced Metering Infrastructure (AMI) including supply of 4.31 Iakhs smart meters. The value of the order is pegged at Rs. 312 Crores. This is the single largest order for AMI, directly finalized by any state utility in the country.
At this Mr. Jitendra Kumar Agarwal, Joint MD commented, “We are pleased to share with you that we have won the large order of smart metering solutions from a State owned utility. This is the largest order of smart metering solutions, finalized by any State Electricity Board. Our proven credentials to be able to supply technically advanced products and solutions over the years has helped us to secure such a big order and establish our position of market leader in the smart metering solutions providers. Our unrelenting focus on product development and order fulfillment has helped us expand our order book and are well positioned to grab further opportunities the market presents.” About Genus Power Infrastructures Limited:
Genus Power Infrastructures Ltd, started in 1995, is amongst the largest players in India’s electricity metering solutions industry, with 27% market share. Company is market leader in various kinds of meters and has developed ‘smart metering solutions’, with in house R&D centre. Company also has engineering, construction, and contracts (ECC) division which complements the existing meters business. Company has manufacturing plants across Jaipur, Haridwar and Guwahati with a total installed capacity of over 10 million meters.