Rs 14,000 crore order book: This multibagger smart prepaid meters manufacturing company receives orders worth Rs 3,115.01 crore from State Electricity Boards!

The stock gave multibagger returns of 240 per cent in 1 year; 830 per cent in 3 years, and a whopping 2,882 per cent increase in a decade.

Genus Power Infrastructures Limited informed that the company’s wholly-owned subsidiary has received two letters of award (LOA) worth Rs 3,115.01 crore (net of taxes) for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs) including the 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 from State Electricity Boards (SEBs).

Mr Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures Ltd said, “We are pleased to announce our achievement in securing additional substantial orders for smart meters during the current fiscal year. This is a testament to the trust that our customers have in our capabilities and our commitment to providing high-quality products and services. These orders reinforce our dominant market standing as the foremost provider of intelligent metering solutions in the Indian market. The burgeoning demand for smart meters is being driven by the government's initiatives to improve the efficiency of the power sector.

These initiatives include the Revamped Distribution Sector Scheme (RDSS), which aims to install 250 million smart meters in all households across the country. Our total order book now stands at over Rs 14,000 crore (net of taxes) – which gives visibility into robust future revenue growth. We have a strong track record of delivering metering projects on time and within budget. We also have a wide network of partners and suppliers, which allows us to provide end-to-end solutions to our customers. We would like to thank our customers for their trust and support, and we look forward to working with them to successfully deliver these projects.”

On Tuesday, shares of Genus Power Infrastructure Ltd were locked in a 5 per cent upper circuit to Rs 273.80 per share from its previous closing of Rs 260.80 per share. The shares also saw a spurt in volume by more than 4.43 times on BSE. The company has a market cap of over Rs 7,000 crore.

The stock gave multibagger returns of 240 per cent in 1 year; 830 per cent in 3 years, and a whopping 2,882 per cent increase in a decade. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.