Genus Power - Metering The Smart Way: ICICI Securities Initiates Coverage

"BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Genus Power Infrastructures Ltd. is a leading smart meter solutions provider in India, with a total manufacturing capacity of 10 million meters per annum. It is the largest listed smart electricity meter company in India and provides end-to-end services including set-up of advanced metering infrastructure and facility management systems post implementation. With more than 25% pan-India market share in meters, Genus Power is set to become one of the largest beneficiaries of upcoming smart meter installation drive under the Rs 3 trillion revamped distribution sector scheme (of which 50% is for smart meters). The scheme targets installation of 100 million and 250 million prepaid smart meters by December 2023 and March 2025 respectively, replacing conventional meters and structurally transforming the financial dynamics of the power sector. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Genus Power - Metering The Smart Way: ICICI Securities Initiates Coverage