Genus Power Infrastructures Ltd.’s shares are trading at a 5% upper circuit after its wholly-owned subsidiary received three Letter of Award.
In an exchange filing, Genus Power announced that its unit received three Letters of Awards (LoAs) worth ₹2,925.5 crore for Advanced Metering Infrastructure Services, including design, supply, installation and commissioning for approximately 3.75 million Smart Prepaid Meters and system meters on a DBFOOT basis.
Genus Power’s total order book currently stands at ₹24,383 crore, including SPVs and the GIC platform.
Genus Power’s shares are up 5% at ₹408.05.05. In 2024, the stock has gained 75% so far and in the last 12 months, it has given investors a 91% gain.
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