Genus Power Infrastructures surges as its arm gets LoA worth Rs 2,259.94 crore
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Genus Power Infrastructures is currently trading at Rs. 259.65, up by 7.95 points or 3.16% from its previous closing of Rs. 251.70 on the BSE.
The scrip opened at Rs. 250.00 and has touched a high and low of Rs. 263.85 and Rs. 250.00 respectively. So far 81631 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 290.00 on 05-Sep-2023 and a 52 week low of Rs. 78.10 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 263.85 and Rs. 245.40 respectively. The current market cap of the company is Rs. 6689.57 crore.
The promoters holding in the company stood at 50.30%, while Institutions and Non-Institutions held 7.93% and 41.77% respectively.
Genus Power Infrastructures’ wholly owned subsidiary has received a Letter of Award (LOA) worth Rs 2,259.94 crore (net of taxes) for appointment of Advanced Metering Infrastructure Service Providers (AMISPs) including design of Advance Metering Infrastructure (AMI) system with supply, installation and commissioning with FMS of 27.33 lakh Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.
Numerous State Electricity Boards (SEBs) have commenced the bidding process to procure smart meters, underscoring the positive impact of the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme.
Genus Power Infrastructures (GPIL) is engaged in the manufacture and distribution of electronic energy meters, power distribution management projects, hybrid microcircuits, inverters, batteries, home UPS and online UPS in India and abroad.
