Genus Power Infrastructures Ltd, a leading smart meter manufacturer, announced on Tuesday, August 20, that its wholly-owned subsidiary has won three major contracts valued at ₹3,608.52 crore (excluding taxes).
These contracts involve the appointment of Advanced Metering Infrastructure Service Providers (AMISPs) to design, supply, install, and commission Advanced Metering Infrastructure (AMI) systems across various regions.
The projects include the deployment of approximately 4.26 million smart prepaid meters and system meters, including Distribution Transformer (DT) meters. The contracts also cover comprehensive Facility Management Services (FMS) to ensure ongoing support and energy accounting under a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) model.
Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures Ltd, stated, “We are pleased to have secured these significant contracts, which reflect the continued trust our clients place in our capabilities and the high quality of our solutions.”
With these new contracts, Genus Power’s total order book, including all special purpose vehicles (SPVs) and the GIC Platform, now stands at around ₹28,000 crore (excluding taxes). The contracts, which span 8 to 10 years, offer strong visibility into the company’s future growth prospects.
Genus Power Infrastructures Ltd, a leading player in the Indian power sector, specializes in manufacturing smart metering solutions and power distribution management systems. Established with a vision to drive innovation in the energy sector, the company has become a prominent provider of advanced metering infrastructure, catering to utilities and consumers across India and globally.
Genus Power Infrastructures is known for its commitment to quality, reliability, and cutting-edge technology, enabling more efficient and accurate energy management. With a strong focus on R&D, the company continues to expand its product portfolio, contributing to the modernization of power infrastructure and playing a crucial role in India’s smart grid initiatives.
