Genus Power Infrastructures Expands with Three Meter Manufacturing Subsidiaries

On May 25, 2024, Genus Power Infrastructures Limited informed the stock exchanges about the incorporation of three wholly owned subsidiaries.

On May 21, the company incorporated 2 wholly owned subsidiaries, Genus Beta Smart Metering Private Limited and Genus Delta Smart Metering Private Limited. On May 23, 2024, Genus Power Infrastructures Limited incorporated another wholly-owned subsidiary, Genus Gamma Smart Metering Private Limited.

About Genus Beta Smart Metering Private Limited

Genus Beta Smart Metering Private Limited is involved in the Power Infrastructure and Distribution industry. The company’s authorised capital is ₹1,00,000, and its subscribed capital is ₹1,00,000.

The company is incorporated to execute an Advanced Metering Infrastructure Service Provider (AMISP) Contract. Its main objective is to manufacture all types of smart, advanced, and prepaid meters.

About Genus Delta Smart Metering Private Limited

Genus Delta Smart Metering Private Limited is also involved in the business of Power Infrastructure and Distribution. The company’s authorised capital is ₹1,00,000, and its subscribed capital is ₹1,00,000.

The company is incorporated to execute an Advanced Metering Infrastructure Service Provider Contract. Its main goal is to manufacture all types of smart, advanced, and prepaid meters.

About Genus Gamma Smart Metering Private Limited

Genus Gamma Smart Metering Private Limited’s authorised capital is ₹1,00,000, and its subscribed capital is ₹1,00,000. The company is in the business of Power Infrastructure and Distribution. Genus Gamma Smart Metering Private Limited is incorporated to execute the Advanced Metering Infrastructure Service Provider contract to manufacture all types of smart, advanced, and prepaid meters.

All the three newly incorporated wholly subsidiaries’ registered offices are located in Rajasthan.

Earlier this month, on May 1, 2024, Genus Power Infrastructures Limited incorporated a wholly owned subsidiary, Genus Alfa Smart Metering Private Limited, which is also engaged in the manufacturing of all types of smart, advanced, and prepaid meters.

On May 27, 2024, the share price of Genus Power Infrastructures Ltd opened at ₹328.85, touching the day’s high at ₹338.00, as of 10:58 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.