Genus Power Infrastructures Limited's wholly owned subsidiary has received a Letter of Award (LOA) worth INR 3,121.42 million (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 36.27 Lakhs Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis. Many State Electricity Boards (SEBs) have initiated the bidding process for the acquisition of smart meters, highlighting the favourable implications of the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme'. The analysis suggests that there is a strong likelihood of experiencing a consistent and noteworthy surge in order volumes over the forthcoming quarters of fiscal year 2024.

One of the key objectives of the scheme is to install 250 million smart meters across India. The company are committed to supporting the RDSS and are working with DISCOMs to help them implement the scheme. The company are providing them with financial assistance, technical expertise, and other support services.

total order book now stands at over INR 17,000 million (net of taxes) - which gives visibility into robust future revenue growth. The company has a strong conviction that the aforementioned orders will serve as a catalyst for future business expansion, thereby reinforcing company dominant market position as the premier provider of smart metering solutions in the Indian market. company is strategically positioned to leverage the increasing market demand for smart meters in India.

The extensive network of strategic partners and suppliers enables company to offer comprehensive end-to-end solutions, thereby enhancing company ability to meet the diverse needs of the valued customers.