Genus Power Infrastructures up 5%, bags Rs.453 crore order
Shital Jibhe / 29 Nov 2017
The stock of Genus Power Infrastructures was quoting at Rs. 67.85 per share, up Rs. 2.10, or 3.19 per cent on the BSE at 09:19 hrs in the early trade on Wednesday. The share price touched a 52 week high of Rs. 68.90, rising nearly by 5 per cent.
The stock of Genus Power Infrastructures was quoting at Rs. 67.85 per share, up Rs. 2.10, or 3.19 per cent on the BSE at 09:19 hrs in the early trade on Wednesday. The share price touched a 52 week high of Rs. 68.90, rising nearly by 5 per cent.
The surge in the price was on the back of order win from Energy Efficiency Services Limited (EESL) worth Rs. 453 crore for the supply of 13.5 lakh smart meters for the states of Haryana and Uttar Pradesh. The company is expecting to commence the business from Q1 FY19.
The tender for the order was opened in the October by EESL for the supply of 50 lakh smart meters where company emerged as L2 bidder.
Post this order, the total order book of the company stands at Rs. 1,226 crore.
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