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The company’s Joint Managing Director, Jitendra Kumar Agarwal, highlighted that since July 2023, the company has won six orders totaling ₹15,160 crore ($2 billion) for around 172.03 lakh smart prepaid meters. In addition to this, earlier this month the company received two more Letters of Acceptance (LOAs) worth ₹3,115.01 crore ($415 million) for similar services.
In September 2023, Genus Power’s step-down subsidiary bagged an order worth ₹ 2,247.37 crore ($300 million) for a project involving over 24 lakh smart prepaid meters under the same model.
Looking ahead, the company’s board of directors will meet on November 9 to discuss the unaudited financial results for the quarter and half-year ending September 30.
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