Australia's GenusPlus hits record high on bagging battery installation contract

Genusplus

24/04/2026 05:51

** Shares of Australia's GenusPlus GNP.AX rise as much as 6.3% to A$9.35, reaching a record high

** Power and communication infrastructure services provider says it has been awarded a contract for construction, and others relating to the Koolunga Battery Energy Storage System (KLG) Project

** KLG Project is owned by infrastructure developer Equis Development

** Says combined contracts are valued at nearly A$110 million ($78.32 million)

** Stock up 15.1% so far this week, set for its best week in seven months, if the current trend holds

** Stock up 47.4% YTD, including the day's moves

($1 = 1.4045 Australian dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))