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Genus Power Infrastructures' wholly owned subsidiary has received a
letter of award (LOA) of Rs. 2,209.84 crore (net of tax) for appointment of Advanced Metering Infrastructure Service Provider (AMISP) including design of AMI system with supply, installation and commissioning of 21.77
Lakhs Smart Prepaid Meters, on DBFOOT (Design, Build, Finance, Own, Operate, Transfer) basis under Revamped Distribution Sector Scheme (RDSS).
Post this order inflow, total order book stands at in excess
of Rs. 8,200 crore (net of tax). Many State Electricity Boards (SEBs) have initiated the process of inviting bids for the deployment of smart
meters, which serves as a testament to the positive impact of the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme'. Based on our analysis, the company anticipates a robust surge in order volumes during the forthcoming quarters of fiscal year 2024.
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