Genus Power Infrastructures Limited — JV/Acquisition, 20-01-2026: Acquisition

Genus Power Infrastructures is making a strategic move by acquiring the remaining 86.49% stake in Newlectric Innovation Private Limited (NIPL) for Rs. 25.23 crore. This transaction will make NIPL, a manufacturer of smart electricity meters, a wholly-owned subsidiary. The aim is to consolidate operations, optimize production capacity, and significantly enhance operational efficiency. This integration is key to scaling up smart meter production, crucial for Genus Power to capitalize on its existing order book and fuel future growth in the rapidly expanding power infrastructure sector.