Genus Power Infrastructures Wins ₹3,608 Crore Smart Metering Contracts

Genus Power Infrastructures Limited announced in a stock exchange filing that its wholly-owned subsidiary has secured 3 significant Letters of Award (LOAs) worth a total of ₹3,608.52 crore (net of taxes).

The company stated that these awards are for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs). The scope of work includes the designing, supplying, installation, and commissioning of an Advanced Metering Infrastructure (AMI) system, along with Facility Management Services (FMS) for approximately 4.26 million smart prepaid meters.

This also includes system meters and Distribution Transformer (DT) meters, with corresponding energy accounting on a Design-Build-Finance-Own-Operate-Transfer (DBFOOT) basis.

Commenting on this significant order win, the Joint Managing Director of Genus Power Infrastructures Ltd, Mr Jitendra Kumar Agarwal, said, “Our Company has successfully secured three new orders worth ₹3,608.52 crore (net of taxes). This ongoing success highlights the trust our clients place in our expertise and the exceptional quality of our offerings.”

He further stated, “With these recent orders, our total order book, including all SPVs and the GIC Platform, stands at about ₹28,000 crore (net of taxes). These concessions are for 8 to 10 years, providing clear visibility into the Company’s robust future growth.”

The Joint Managing Director emphasised that while celebrating this achievement, the company remains committed to maintaining the highest standards of customer satisfaction, quality and innovation.

About Genus Power Infrastructures Ltd

Genus Power Infrastructures Ltd is a prominent player in India’s electricity metering solutions industry. As a market leader, the company has developed advanced smart metering solutions, supported by its in-house R&D centre. Along with metering, Genus Power also has an Engineering, Construction, and Contracts (ECC) division that complements its core business. The company operates manufacturing units in Haridwar, Jaipur, and Guwahati, with a total capacity of more than 10 million meters annually.

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