Rs 28,000 Crore Order Book: Multibagger Smart Meter Company Secures Multiple Orders Worth Rs 3,608.52 Crore After Securing Order Worth Rs 2,925 Crore!
The company’s shares have delivered a return of over 430 per cent in just 2 years.
This Small-Cap Company was incorporated in 1992, is a member of the Kailash Group. The company specializes in manufacturing and offering metering solutions and provides comprehensive 'Engineering, Construction, and Contracts services on a turnkey basis as its core business division. Additionally, it engages in strategic investment activities.
Genus Power Infrastructures Ltd’s wholly-owned subsidiary has secured three Letters of Award (LOA) totaling Rs 3,608.52 crore (net of taxes) for the appointment as Advanced Metering Infrastructure Service Providers (AMISPs). These contracts involve the design, supply, installation, and commissioning of an Advanced Metering Infrastructure (AMI) system, including approximately 4.26 million Smart Prepaid Meters and system meters, such as DT Meters, along with corresponding energy accounting. The project will be executed on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis, and includes Facility Management Services (FMS).
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Recently on August 17, the company’s wholly-owned subsidiary received three Letters of Award (LOA) totaling Rs 2,925.52 crore (net of taxes) for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs). This includes the design of an Advanced Metering Infrastructure (AMI) system, with supply, installation, and commissioning, as well as the operation and maintenance of approximately 3.75 million Smart Prepaid Meters, system meters, and DT Meters, along with corresponding energy accounting on a DBFOOT basis.
On Tuesday, the shares of Genus Power Infrastructures closed at Rs 417.50 per share on the BSE. The company's market capitalization is now Rs 12681.75 crore, and the stock has delivered an impressive multibagger return of over 430 per cent over the past 2 years.
Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.