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

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

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.