Genus Power Infra secures Rs 22.59 bn order

09 Nov 2023 CW Team

Genus Power Infrastructures announced that they had secured an order valued at Rs 22.59 for a smart metre project. According to the company, their wholly-owned subsidiary received a Letter of Award (LOA) for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs), which includes the design of an Advanced Metering Infrastructure (AMI) system, along with the supply, installation, and commissioning of 27.33 lakh Smart Prepaid Meters, system metres, and DT Metres. This also involves corresponding energy accounting on a DBFOOT basis. The total order book of the company now stands at over Rs 190 billion, excluding taxes.

In a regulatory filing, the company stated, "Genus Power Infrastructures's wholly owned subsidiary has been awarded an LOA worth Rs 22.59 billion (net of taxes) for the appointment of Advanced Metering Infrastructure Service Providers (AMISPs), which includes the design of an Advanced Metering Infrastructure (AMI) system, along with the supply, installation, and commissioning with FMS of 27.33 lakh Smart Prepaid Metres, system meters including DT Metres with corresponding energy accounting on DBFOOT basis."

Several state electricity boards have initiated the bidding process to acquire smart meters, highlighting the positive impact of the 'Reforms-Based, Result-Linked Power Distribution Sector Scheme'. The filing further stated that their analysis suggests a high probability of observing a steady and substantial increase in order volumes in the upcoming months of the fiscal year 2024.

Infrastructure Transport

15 May 2025

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India鈥檚 first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India鈥檚 infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Infrastructure Transport

15 May 2025

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central鈥揋andhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India鈥檚 busiest business corridors. This upgrade, effective from 11 May, raised the train鈥檚 seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai鈥揂hmedabad鈥揋andhinagar route, which regularly operates at over 150 percent seat occupancy...

Infrastructure Urban

15 May 2025

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi鈥檚 ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river鈥檚 health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..