{"id":129223,"date":"2023-02-02T12:14:33","date_gmt":"2023-02-02T06:44:33","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=129223"},"modified":"2023-02-02T12:14:35","modified_gmt":"2023-02-02T06:44:35","slug":"genus-power-bagged-orders-worth-over-rs-2850-crore","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/genus-power-bagged-orders-worth-over-rs-2850-crore\/","title":{"rendered":"Genus Power Bagged Orders Worth Over Rs 2,850 Crore"},"content":{"rendered":"\n<p><strong>Genus Power Bagged Orders Worth Over Rs 2,850 Crore: <\/strong>The letter of award (LOA) for Rs 2,855.96 crore has been obtained by Genus Power Infrastructures Ltd. and its 100% subsidiary business Hi-Print Metering Solutions Private Limited for the appointment as Advanced Metering Infrastructure Service Provider (AMISP).<\/p>\n\n\n\n<p>It includes the design of the AMI system with supply, installation, and commissioning of 29.49 Lakh Smart Prepaid Meters, DT Metering, HT &amp; Feeder Metering Level energy accounting, and FMS of these 29.49 Lakh smart meters.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.gkseries.com\/blog\/category\/daily-quiz\/daily-quiz-february-2023\/\" target=\"_blank\" rel=\"noreferrer noopener\">February 2023 Current Affairs Quiz<\/a><\/strong><\/p>\n\n\n\n<p><strong>Genus Power Bagged Orders Worth Over Rs 2,850 Crore \u2013 Key Points<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The company informed that many State Electricity Boards (SEBs) have issued requests and solicited bids for the installation of smart meters, indicating that the \u2018Reforms-Based, Result-Linked Power Distribution Sector Scheme\u2018 is having a tangible effect.<\/li>\n\n\n\n<li>The company expects strong revenue growth in the coming quarters due to robust order inflow and a normalization of the supply chain.<\/li>\n\n\n\n<li>Genus Power Infrastructures Ltd.&#8217;s joint managing director, Jitendra Kumar Agarwal, stated that these order wins provide a great deal of visibility into the revenues for the upcoming years.<\/li>\n\n\n\n<li>It also signals a solid start to order inflow for the industry. They anticipate a sharp revenue rebound in the coming quarters because of the full order book, healthy order inflow, and restoration of normalcy in the supply chain.<\/li>\n\n\n\n<li>The implementation of the Revamped Distribution Sector Scheme (RDSS), the company anticipates that the entire landscape of the Indian metering industry will undergo a radical transformation, resulting in a projected multifold increase in annual industry size.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Genus Power Bagged Orders Worth Over Rs 2,850 Crore: The letter of award (LOA) for Rs 2,855.96 crore has been obtained by Genus Power Infrastructures Ltd. and its 100% subsidiary business Hi-Print Metering Solutions Private Limited for the appointment as Advanced Metering Infrastructure Service Provider (AMISP). It includes the design of the AMI system with [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":129224,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4999],"tags":[4916],"class_list":["post-129223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-february-2023","tag-national-current-affairs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/129223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=129223"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/129223\/revisions"}],"predecessor-version":[{"id":129225,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/129223\/revisions\/129225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/129224"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=129223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=129223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=129223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}