Gemstar Infra Pte. Ltd. has secured Rs 2,600 crore in financing from a consortium led by the International Finance Corporation (IFC) to support the deployment and operation of 13.6 million smart meters across 28 districts of Rajasthan. The financing will be provided to the company’s Special Purpose Vehicles (SPVs) and forms part of a broader…
Genus Power Infrastructures Limited, on February 10, 2026, entered into a Share Purchase Agreement to acquire 100% equity in Himachal Pradesh C Zone Smart Metering Private Ltd. and Genus Assam Package-3 SPV Limited. The acquisition will be carried out by its wholly owned subsidiary, Genus Power Solutions Private Limited. Following completion of the transaction, both…
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…