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Genus Power reports Rs 317.76 billion order book as of Q2FY25

India, News

Genus Power Infrastructures Ltd announced an outstanding order book of Rs 317.76 billion (net of taxes) as of September 30, 2024, including orders from the GIC platform and all company SPVs. This robust order book comprises long-term smart metering concessions of 8-10 years. Commenting on the company’s Q2FY25 performance, Joint Managing Director Jitendra Kumar Agarwal highlighted the strategic advantage provided by this strong order book. Execution is expected to ramp up in Q3FY25, with increasing…

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Genus Power establishes two SPVs for smart metering under RDSS

India, News

Genus Power Infrastructures Limited has formed two special purpose vehicles (SPVs), Genus Shekhawati Smart Metering Private Limited and Genus Marwar Smart Metering SPV Private Limited, to execute advanced metering infrastructure service provider (AMISP) services as part of the revamped distribution sector scheme (RDSS). The projects will focus on strengthening, renovating, and augmenting existing distribution systems to improve efficiency and reliability in power distribution.

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Genus Power establishes subsidiary for advanced metering infrastructure project

India, News

Genus Power Infrastructure Limited has established a wholly-owned subsidiary named Genus Dhundar Smart Metering SPV Private Limited. This new entity, with an authorized and subscribed capital of Rs 0.1 million, has been created to execute an advanced metering infrastructure service provider (AMISP) contract. The subsidiary will operate within the power infrastructure and distribution sector, focusing on advanced metering solutions.

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Genus Power secures Rs 44.69 billion contracts for smart meter projects

India, News

Genus Power Infrastructures Limited’s subsidiary has secured three letters of award (LoA) totalling Rs 44.69 billion. The contracts involve appointing advanced metering infrastructure service providers (AMISPs) to design, supply, install, and commission an advanced metering infrastructure system. This includes the deployment and facility management of approximately 5.59 million smart prepaid meters, including distribution transformer meters, on a design, build, finance, own, operate, and transfer basis.

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Genus Power subsidiary secures Rs 3,608.52 million smart metering orders

India, News

A wholly-owned subsidiary of Genus Power Infrastructures Ltd has received three orders totaling Rs 3,608.52 million for advanced metering infrastructure services (AMISPs). The contracts involve the design, supply, installation, and commissioning of approximately 4.26 million smart prepaid meters and system meters, including DT Meters, with energy accounting on a DBFOOT basis. Genus Power operates manufacturing plants in Jaipur, Haridwar, and Guwahati, with a combined annual capacity of over 10 million meters. With these new orders,…

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Genus Power secures Rs 29.25 billion contracts for Advanced Metering Infrastructure

India, News

Genus Power Infrastructures, through its wholly-owned subsidiary, has secured three Letters of Award (LoAs) totalling Rs 29.25 billion. The contracts are for the provision of Advanced Metering Infrastructure (AMI) on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis. The scope of work includes designing an AMI system, along with the supply, installation, and commissioning of approximately 3.75 million Smart Prepaid Meters and system meters, including Distribution Transformer (DT) meters. The project also includes…