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

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..