• Sun. Dec 3rd, 2023
This small cap company has bagged an order to install and maintain 75.69 lakh meters!

The stock rose 15 percent in 5 days and 30 percent in 3 months.

Friday, one of them Top achievers On BSE, stocks GMR Power & Urban Infra Ltd The upper circuit rose 20 percent to Rs 24.14 from the previous closing of Rs 20.12. At the closing bell, shares of the company were trading at Rs 21.78, up 8.25 per cent on the BSE, up 7.24 times.

GMR Smart Electricity Distribution Private Limited (GSEDPL), a step-down subsidiary of GMR Power and Urban Infra Limited, has received Letters of Intent (LOI) from Purvanchal Vidyut Vithran Nigam Limited and Dakshinanchal Vidyut Vithran Nigam Limited, the company said. Smart metering project in Purvanchal and Dakshinanchal areas of Uttar Pradesh.

GSEDPL will install, integrate and maintain 75.69 lakhs Smart meters in a given area. The LOI was issued at the conclusion of e-tendering conducted by UP discoms for various regions of Uttar Pradesh. The scheme will be spread over 10 years.

This Advanced Metering Infrastructure (AMI) project includes supply, installation, integration, commissioning, operation & maintenance of smart meters on DBFOOT basis supported by state-of-the-art technology and software solutions for end-to-end automated system. Management. The project is being implemented under the Reformed Distribution Sector Scheme (RDSS), which is expected to reduce AT&C losses in the designated area and improve operational efficiency and collection efficiency of UP discoms.

GMR Power and Urban Infra Ltd (GPUIL), a subsidiary of GEPL, specializes in energy, urban infrastructure and transport. The company has a market value of over Rs 1,300 crore. Net sales rose 34.70 percent to Rs 5,525 crore and net profit rose 275 percent to Rs 1,139 crore.

The stock rose 15 percent in 5 days and 30 percent in 3 months. Investors should take note of this small hat store up

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