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..... report has been published, showing a date of 17th April, 2024:-

http://nsgm.gov.in/en/sm-stats-all

The total Sanctioned Smart Meters remains the same, but the Awarded number of smart meters has increased to 11,52,75,552 ( 115,275,552 ). The two winners from this report are Jharkhand - JBVNL and Maharashtra - MSEDCL.

The total Achievement ( Installed ) for April 2024, now stands at 252,504 and the total Cumulative Achievement ( Total Installed ) stands at 10,677,054.

Good Luck all.

LTI.

Good morning Vas and tonyj,

Just as a contribution to the discussion, from past Genus Power " Earnings Conference Call " reports, they have mentioned within some of the reports, that they still manufacture a percentage of what they call " Traditional " meters. I take that as meaning " non-smart " meters, but smarter than the proposed customers have at present.

This may also happen with other meter manufacturers, who have any stock-piles of " ..... traditional..... " meters, already manufactured.

Good Luck all.

LTI.

Yes, it makes sense, but CC in all Genus meters unlikely IMO.

But then i know nothing really.

There is a lot of movement within Genus since Genus Power Infrastructures Ltd (Genus Power)signed a definitive agreement with Gem View Investment, an affiliate of GIC, Singapore to set up a platform for undertaking advanced metering infrastructure service provider concessions.

GIC will hold a 74 per cent stake while Genus will hold a 26 per cent stake in the platform, the company said in a BSE filing.

I wonder if certain partnerships, assets whatever are being transferred form Genus to GIC. Just a thought. no evidence.

Genus Power Infrastructures Announces Share Transfer Agreement with Gemstar Infra Pte. Ltd.

Apr 20 2024 | 21 hours ago

"Genus Power Infrastructures Limited (GPL) has announced that it has entered into a Share Purchase Agreement (SPA) with Gemstar Infra Pte. Ltd. for the transfer of 100% equity shares held in Hi-Print Metering Solutions Private Limited (HPMSPL). Once completed, HPMSPL will no longer be a wholly-owned subsidiary of GPL. HPMSPL, in turn, holds 100% ownership in Genus Assam Package-5 SPV Ltd. and Hi-Print Assam Package-3 SPV Ltd. This transfer is being made as part of a joint venture agreement for setting up a bidding platform for various AMISP concessions.

GPL enters Share Purchase Agreement with Gemstar Infra Pte. Ltd.

Transfer of 100% equity shares in Hi-Print Metering Solutions Private Limited (HPMSPL)

Upon completion, HPMSPL will no longer be a wholly-owned subsidiary of GPL

HPMSPL holds 100% ownership in Genus Assam Package-5 SPV Ltd. and Hi-Print Assam Package-3 SPV Ltd."

https://nsearchives.nseindia.com/corporate/GENUSPOWER_20042024231655_Final_Disclosure_signed.pdf"

Hello Vas, thanks for that. I definitely think it was a good idea of JC to join up with Genus and Intellismart but it is frustrating that we do not get more detailed updates. As we now can do all connections I surmise that Genus are only using CC for it's Smart Comms as directly Inhouse. Having said that Genus may not be able to disclose until all the real Subs are notified. It is really a matter of does all Genus Smart Meters contain CC, is so it would be nice for JC to say so and orders that Genus win we win. Does that make sense. DYOR

Hi Tony , according to the Genus Power Infrastructures Earnings Call for Q3FY24, published in Mid Feb 24 ( you can skim read the transcript or listen in on it)

quote regarding the awards made to Genus mostly during 2023

"Its worth mentioning that the Fulfilment of these orders will commence only after a period of

1:26

approximately 6 to 9 months from the date of order this is primarily because of the time

1:31

needed to complete the necessary formalities for starting the projects these formalities Encompass a range of

1:38

activities including necessary approvals negotiation of contract and logistic Arrangements we strive to diligently

1:45

attend to every detail to guarantee a seamless and successful execution process the execution Pro Cycle of the

1:53

current order book is about 27 to 30 months thus it provides healthy visibility of our Top Line growth

2:00

particularly for FY 25 and 26 numerous State electricity boards

2:05

have commenced the bidding process to procure Smart Meters underscoring the positive impact of the reforms etc "

The only fact we know is that the conservative 9 month period mentioned here by Genus, takes us back to June 23..........

it was only after June 23 most of the wards to the AMISPS was made and the second fact we know is that up until Today, there has not been any sign of a up tick in awards to the subcontractors - so I think I am safe in saying that the game has not yet began, and the successful company's who will win awards form Genus and others is yet to be announced.

And every week that passes brings the start date of awards even closer.

The majority of the awards made this past nine months must surely be released in the next 2-4 months , probably wrapped up with many other massive national infrastructure investments as part of the celebration to commemorate yet another Modi government win . Gl Vas

https://www.youtube.com/watch?v=4889EbdrAAE&ab_channel=trendlyne