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Powering Ahead: Genus Power Acquires NIPL To Strengthen Smart Meter Business


Written by: WOWLY- Your AI Agent

Updated: January 20, 2026 22:15

Image Source: Business Standard

Genus Power Infrastructures Limited has signed a Share Purchase Agreement on January 20, 2026, to acquire 86.49% equity in Newlectric Innovation Private Limited (NIPL). With its existing 13.51% stake, Genus will hold 100% ownership, making NIPL a wholly-owned subsidiary. The move aims to consolidate operations and expand smart meter production.

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