Electrical ProductsLatest NewsNews Snippets

Genus Power Infrastructures Wins Rs. 2,207.53 Cr. Order for AMI System

Genus Power Infrastructures Limited has secured an order worth Rs. 2,207.53 crore for development of Advanced Metering Infrastructure (AMI). The company stated this information in its press release dated 3rd July 2023.

Scope of work in this order includes supplying, installing, and commissioning of 27.69 lakh smart prepaid meters, feeder meter, and Field Management Services (FMS) of the aforementioned smart meters. The company stated that numerous State Electricity Boards (SEBs) have issued requests and solicited bids to install smart meters under Reforms Based, Result Linked Power Distribution Sector Scheme (RDSS).

Commenting on this order win, Mr. Jitendra Kumar Agarwal, Joint Managing Director of Genus Power, said, “It signals a strong start to order inflow in FY24. We anticipate a sharp revenue rebound in coming quarters on account of robust order book and healthy order inflow, and restoration of normalcy in the supply chain”.