Genus Power receives LoA for order worth Rs 22.47 billion

Genus Power Infrastructures Limited (GPIL) has received a letter of award (LoA) to supply smart meters.

The company’s step-down wholly owned subsidiary has been appointed as an advanced metering infrastructure service provider (AMISP). In the contract, GPIL will be involved in designing AMI system, installing and commissioning flow metering skid of 2,418,000 smart prepaid meters, system meters, including OT meters. The order worth Rs 22.47 billion is to be carried out on design, build, finance, own, operate, transfer basis. Further, it will be implemented under a revamped distribution sector scheme.