Shares rose more than 6% in morning trading.
On 30th January 2023, Genus Power Infrastructures Limited notified in exchange that Genus Power Infrastructures and its wholly owned subsidiary (Hi-Print Metering Solutions Private Limited) have won an order worth Rs.285.596 crore. The order includes the design of AMI system with supply, installation and commissioning of smart prepaid meters for Rs. Includes the appointment of a Meter Infrastructure Service Provider (AMISP). Smart meters for tens of thousands of rupees.
A number of State Electricity Boards (SEBs) are calling for smart meter installations and soliciting tenders, demonstrating that the “reform-based, results-linked distribution sector scheme” is having tangible effects. is showing. The company expects a strong order inflow in the upcoming quarters of FY24.
Founded in 1995, Genus Power Infrastructures Ltd is one of the largest players in the power metering solutions industry in India with a market share of 27%. The company is his market leader for different types of meters and develops “smart meter solutions” in his in-house R&D center.
Today the stock opened at Rs 85.90 with highs and lows of Rs 93.80 and 84.70. The share had previously closed at Rs 85.90. It is currently trading at Rs 91.20, up 6.17%.
scrip is part of Group A and has a market cap of Rs 2,349.27 crore. The stock has a 52-week high at Rs 113.00 and a 52-week low at Rs 58.20.