Genus Power Infrastructures Limited’s wholly owned subsidiary has received two letters of awards (LOA) worth Rs. 3,115.01 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 34.79 Lakhs Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis.
Many State Electricity Boards (SEBs) have commenced the bidding process to procure smart meters, underscoring the positive implications of the ‘Reforms-Based, Result-Linked Power Distribution Sector Scheme’. The company anticipates a sustained and significant increase in order volumes throughout the upcoming quarters of fiscal year 2024.