Genus Power Infrastructures arm bags order worth Rs 3,121.42 crore
Metering company Genus Power Infrastructures on Monday announced that its wholly owned subsidiary has received a letter of award worth Rs 3,121 crore for the appointment of advanced metering infrastructure service providers (AMISPs). This includes designing an advanced metering infrastructure (AMI) system with supply, installation and commissioning of 3.6 million smart prepaid meters and system meters on a Design-Build Finance-Own-Operate-Transfer (DBFOOT) basis.
The company said that there is a possibility of seeing a “consistent and noteworthy surge” in order volumes over the upcoming quarters of the financial year 2023-24 as many state electricity boards (SEBs) have initiated the bidding process for the acquisition of smart meters.
