Genus Power Infrastructures Limited has announced that its wholly-owned subsidiary has been awarded two significant contracts totalling Rs 3,115.01 crore (net of taxes). These contracts involve the appointment of Advanced Metering Infrastructure Service Providers (AMISPs) for designing Advanced Metering Infrastructure (AMI) systems. The scope of work includes the supply, installation, and commissioning, along with Facility Management Services (FMS) for 34.79 lakh Smart Prepaid Meters. This initiative, undertaken in collaboration with State Electricity Boards (SEBs), encompasses various meters, including DT Meters, and corresponding energy accounting on a DBFOOT basis.

Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures Ltd, expressed satisfaction over these achievements. He highlighted the company's commitment to delivering top-notch products and services, which has earned the trust of customers. These new orders bolster the company's position as a leading provider of intelligent metering solutions in the Indian market. The growing demand for smart meters is being fuelled by government initiatives aimed at enhancing the power sector's efficiency, including the Revamped Distribution Sector Scheme (RDSS). RDSS aims to deploy 250 million smart meters in households nationwide.

Genus Power's total order book now exceeds Rs 14,000 crore (net of taxes), ensuring robust future revenue growth. The company has a proven track record of timely and budget-friendly delivery of metering projects. Its extensive network of partners and suppliers enables it to offer comprehensive solutions to customers. Agarwal expressed gratitude to customers for their trust and support, expressing enthusiasm about collaborating to successfully execute these projects.

Source: dsij.in