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Genus Power Infrastructures receives consent to operate for new moulding plant in RajasthanShares of Genus Power Infrastructures Ltd ended at ₹262.40, down by ₹0.40, or 0.15%, on the BSE.By Jomy Jos Pullokaran  February 27, 2026, 5:59:13 PM IST (Updated)2 Min ReadSmart meter maker Genus Power Infrastructures Ltd on Friday (February 27) said it has received the Consent to Operate (CTO) for its new moulding plant located at SP4-2, RIICO Industrial Area, Keshwana, Kotputli, District Kotputli-Behror, Rajasthan.

The Consent to Operate was granted on February 26, 2026, and is effective from February 10, 2026, to January 31, 2036. The company has commenced regular production of moulding parts at the facility.

This week, Genus Power Infrastructure said it expects its operating cash flows to turn positive by FY27 as its nationwide smart-meter rollout progresses from installation to operational phase, according to Joint Managing Director Jitendra Kumar Agarwal.

Also Read: Genus Power shines in Q3 as revenue surges, profits more than double

He said investor concerns around cash generation stem largely from the upfront investment required to execute multiple projects simultaneously rather than any weakness in collections. “By the end of the financial year, 27 will be cash flow positive."

Agarwal explained that the company is currently deploying meters across a large number of sites at the same time, which temporarily locks capital into inventory and equipment placed in the field.

"Today, I have a stock of around 2000 crore in the market, because I have to cater to 25 projects simultaneously,” he said, adding that the business requires significant working capital during the rollout stage. As installations get completed and projects move into the operational phase, billing and recovery begin, which should gradually release capital.

Also Read: Genus Power confident of beating FY26 revenue, margin guidance

Working capital intensity is therefore expected to decline meaningfully over the next year. “That number will come down to 75 to 100 days in the next 12 to 15 months… The problem is not that we are not getting paid by the customer. A lot of investment is made in the inventory."

He also noted that payment risk remains limited because contracts are executed with state utilities. “We are dealing with the government… There’s no threat of money not getting you, so don’t get the money paid back."

Shares of Genus Power Infrastructures Ltd ended at ₹262.40, down by ₹0.40, or 0.15%, on the BSE.

Also Read: GIC affiliate launches ₹400 crore block deal in Genus Power InfrastructuresContinue Reading(Edited by : Jomy Jos Pullokaran)First Published: Feb 27, 2026 5:58 PM ISTTagsGenus Powershare market today