Shares of Genus Power Infrastructures were locked at 5% upper circuit on 15 December after the company announced that its wholly-owned subsidiary had secured an order of Rs 1,026 crore for the appointment of advanced metering infrastructure service providers.

In its regulatory filing, the company said that its wholly-owned subsidiary has received a Letter of Award (LOA) for the appointment of Advanced Metering Infrastructure Service Providers, including design of Advance Metering Infrastructure (AMI) system with supply, installation and commissioning with FMS of about a million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on design-build-finance-own-operate-transfer (DBFOOT) basis for a total consideration of Rs 1,026.31 crore.

Jitendra Kumar Agarwal, joint MD of Genus Power, said, “We remain committed to maintaining the highest standards of quality, innovation, and customer satisfaction.”

Since July 2023, the company has secured seven orders in total that amount to Rs 16,185 crore and with the addition of the latest order, the order book has surpassed the Rs 20,000 crore mark.

In October, the company received a LoA for the appointment of advanced metering infrastructure service providers for a total consideration of Rs 3,121 crore. This order also includes an AMI system along with the supply, installation, and commissioning of 3.6 million smart prepaid meters and system meters on a DBFOOT basis.

At 10:53 am, the shares of Genus Power Infrastructures were locked 4.99% higher at Rs 234.50 on NSE.