Genus signs agreement with DFC for USD 49.5 million funding

Genus Power Infrastructures Limited, a metering solutions provider and manufacturer, has signed a commitment letter with United States International Development Finance Corporation (DFC) to obtain a loan up to USD 49.5 million to scale up the deployment of electric smart meters across India, supporting energy security and transition through grid optimisation and efficiency.

With this partnership, Genus is well poised to become a leading player in the advanced metering infrastructure service provider market.