Shares of Genus Power Infrastructures Ltd. rallied by 5% to touch a day’s high of Rs 437.75 on 21st August after the company announced that its wholly-owned subsidiary had been awarded three contracts totalling Rs 3,608.52 crore.

These contracts involve hiring Advanced Metering Infrastructure Service Providers (AMISPs) to design, supply, install, and commission Advanced Metering Infrastructure (AMI) systems.

These projects will deploy around 4.26 million smart prepaid meters and system meters across various regions, including distribution transformer meters.

The contracts also include comprehensive Facility Management Services (FMS) to provide ongoing support and energy accounting on a Design, Build, Finance, Own, Operate, and Transfer (DBFOOT) basis.

According to Jitendra Kumar Agarwal, Joint Managing Director of Genus Power Infrastructures Ltd, “The company has bagged three new orders valued at Rs 3,608.52 crore. This sustained success is underpinned by the faith and trust reposed by our clients in our capabilities and the outstanding quality of our offerings.”

With these recent orders, the company’s total order book, including all SPVs and the GIC Platform, now stands at around Rs 28,000 crore. These concessions, lasting 8 to 10 years, offer clear insight into the company’s strong future growth.

At 10:27 AM, the shares of Genus Power were trading 4.99% higher at Rs 437.75 on NSE.

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