Genus Power Infrastructures Ltd Share Price – NSE  / BSE

Consumer Durables, Small Cap

Genus Power Infrastructures has fixed 23 September 2024 as record date for payment of dividend of Re 0.60 per equity share of face value of Re.1/- each (60% of the face value) for the financial year 2023-24.

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AMISP stands for Advanced Metering Infrastructure Service Provider.

The contract involves design of Advance Metering Infrastructure (AMI) system with supply, installation and commissioning of about 5.59 million smart prepaid meters, system meters including DT Meters with corresponding energy accounting on DBFOOT (design, build, finance, own, operate, transfer) basis.

Jitendra Kumar Agarwal, joint managing director, Genus Power Infrastructures, said: “Over the past few weeks, we have won three major orders, cumulatively valued at Rs. 11,003.08 crore (net of taxes). This includes orders worth Rs. 2,925.52 crore (net of taxes) & Rs. 3,608.52 crore (net of taxes) won in the third week of August and an additional Rs. 4,469.04 crore (net of taxes) secured now.

These achievements bring our total order book to about Rs. 32,500 crore (net of taxes). These concessions are for 8 to 10 years, providing clear visibility into the Company's robust future growth.

Genus Power Infrastructures is engaged in manufacture of electronic energy meters. It also undertakes EPC (engineering, procurement and construction) for power transmission and distribution projects where it provides complete turnkey solutions for transmission and distribution utilities in the state and private sectors.

The company’s consolidated net profit surged 109.7% in Q1 FY25 as compared to Rs 23.05 crore posted in Q1 FY24. Revenue from operations jumped 58.6% YoY to Rs 414.16 crore in Q1 FY25.

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The orders are for appointing the subsidiary as an Advanced Metering Infrastructure Service Provider (AMISP).

The scope of work includes designing, supplying, installing, and commissioning an advanced metering infrastructure (AMI) system with approximately 4.26 million smart prepaid meters and system meters, along with energy accounting on a design, build, own, operate, and transfer (DBFOOT) basis.

Jitendra Kumar Agarwal, joint managing director, Genus Power Infrastructures, said: With these recent orders, our total order book, including all SPVs and the GIC Platform, stands at about Rs 28,000 crore (net of taxes).

These concessions are for 8 to 10 years, providing clear visibility into the company's robust future growth.

Genus Power Infrastructures is engaged in manufacture of electronic energy meters. It also undertakes EPC (engineering, procurement and construction) for power transmission and distribution projects where it provides complete turnkey solutions for transmission and distribution utilities in the state and private sectors.

The company’s consolidated net profit surged 109.7% in Q1 FY25 as compared to Rs 23.05 crore posted in Q1 FY24. Revenue from operations jumped 58.6% YoY to Rs 414.16 crore in Q1 FY25.

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Genus Power Infrastructures announced that its wholly owned subsidiary has received three Letter of Awards (LOA) worth totaling to Rs. 3,608.52 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 4.26 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.

Jitendra Kumar Agarwal, Joint Managing Director, Genus Power Infrastructures said, our Company has successfully secured three new orders worth of Rs. 3,608.52 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, stands at about Rs. 28,000 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.

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