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+--- Thread: Genus Power Subsidiary Secures ₹3,608.5 Cr Contract for Smart Metering Infrastructure (/thread-557.html)
Genus Power Subsidiary Secures ₹3,608.5 Cr Contract for Smart Metering Infrastructure - Harpreet - 21-08-2024
Genus Power Infrastructures Ltd's wholly owned subsidiary has secured a significant contract with a Letter of Award (LOA) valued at ₹3,608.5 crore, net of taxes. This award positions the company as a key player in the advanced metering space, underscoring its capabilities in delivering large-scale infrastructure projects.
The contract is for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs). As part of this, the subsidiary will be responsible for the design, supply, installation, and commissioning of an Advanced Metering Infrastructure (AMI) system.
This project involves the deployment of approximately 4.26 million smart meters, including full lifecycle management with Facility Management Services (FMS). The successful execution of this contract will further strengthen the company’s presence in the rapidly growing smart metering sector.