AI assistant
Genus Power Infrastructures Ltd — Capital/Financing Update 2024
Aug 17, 2024
62663_rns_2024-08-17_58d13dd8-09fd-4eee-ab13-8cd4613f8331.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [126 x 54] intentionally omitted <==
August 17, 2024
BSE Limited, (Corporate Relationship Department), P J Towers, Dalal Street, Fort, Mumbai- 400 001 BSE Code: 530343
National Stock Exchange of India Ltd., (Listing & Corporate Communications), Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 051. NSE Symbol: GENUSPOWER
Sub: Investor Release
Dear Sir/Madam,
We enclose herewith an Investor Release titled “Genus Power Infrastructures wins orders worth Rs 2,925.52 cr (net of taxes)”
Thanking you, Yours truly,
For Genus Power Infrastructures Limited
PURAN SINGH Digitally signed by PURAN SINGH RATHORE RATHORE Date: 2024.08.17 20:37:46 +05'30'
(Puran Singh Rathore) Joint Company Secretary & Compliance Officer
Encl. As above.
Genus Power Infrastructures Limited (A Kailash Group Company) Corporate Identity Number L51909UP1992PLC051997
Corporate Office: SPL-3, RIICO Industrial Area, Sitapura, Tonk Road, Jaipur-302022, (Raj.), India T. +91-141-7102400/500 • F. +91-141-2770319, 7102503 E. [email protected] • W. www.genuspower.com
Registered Office: G-123, Sector-63, Noida, Uttar Pradesh-201307 (India) T. +91-120-2581999 E. [email protected]
Press Release
==> picture [73 x 47] intentionally omitted <==
Genus Power Infrastructures wins orders worth Rs 2,925.52 cr (net of taxes)
Jaipur – August 17, 2024 – Genus Power Infrastructures Limited’s wholly owned subsidiary has received three Letter of Awards (LOA) worth totaling to Rs. 2,925.52 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 about 3.75 million Smart Prepaid Meters , system meters including DT Meters with corresponding energy accounting on DBFOOT basis.
Mr. Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures Ltd. said, our Company has successfully secured three new orders worth of Rs. 2,925.52 Crore (net of taxes). This ongoing success highlights the trust our clients place in our expertise and the exceptional quality of our offerings. With these recent orders, our total order book, including all SPVs and the GIC Platform, exceeds Rs. 24,383 crore (net of taxes). These concessions are for 8 to 10 years, providing clear visibility into the Company's robust future growth. As we celebrate this achievement, we remain dedicated to upholding the highest standards of quality, innovation, and customer satisfaction.
1
Press Release
==> picture [73 x 47] intentionally omitted <==
About Genus Power Infrastructures Ltd.:
Genus Power Infrastructures Ltd., started in 1995, is amongst the largest players in India’s electricity metering solutions industry, with ~27% market share. Company is market leader in various kinds of meters and has developed ‘smart metering solutions’, with in house R&D centre. Company also has engineering, construction, and contracts (ECC) division which complements the existing meters business. Company has manufacturing plants across Jaipur, Haridwar and Guwahati with a total installed capacity of over 10 million meters. Our key customers include the major State electricity boards (SEB’s) and private utilities.
For more information about the Company and its businesses, please visit our website www.genuspower.com
Safe Harbor:
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
For further details please contact:
==> picture [495 x 33] intentionally omitted <==
----- Start of picture text ----- Company: Investor Relations Advisors:----- End of picture text -----
| Company:Investor Relations Advisors: | Company:Investor Relations Advisors: | Company:Investor Relations Advisors: |
|---|---|---|
| Genus Power Infrastructures LtdCIN No: L51909UP1992PLC051997Ankit JhanjhariEmail id:[email protected] | Strategic Growth Advisors Pvt Ltd.CIN No: U74140MH2010PTC204285Shogun Jain / Parin NarichaniaEmail id:[email protected] /[email protected] Tel No: 7738377756 / 9930025733 |
2