Genus Power hits upper circuit on bagging order wins worth Rs 3000 crore

Shares of Genus Power saw only buyers as it was firmly locked in its five percent upper circuit as the firm's wholly-owned subsidiary bagged three Letter of Awards, clocking in at almost Rs 3,000 crore.

The subsidiary received three Letter of Awards (LOA) worth totaling to Rs. 2,925.52 crore for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs).

At 10:40 am, Genus Power shares were quoting Rs 408.05 on the NSE, up five percent.

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"This includes the design of Advance Metering Infrastructure (AMI) system with supply, installation and commissioning with FMS of about 3.75 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis," said the firm in an exchange filing.