Australia's Genusplus Group hits record high on contract wins

Genusplus

30/06/2025 02:44

** Genusplus Group GNP.AX rises as much as 6% to a record high of A$4.08; last up 4.9%

** Power and communication infra and services provider gets contract from Alinta Energy to design, supply, construct and commission the Reeves Plains Battery Energy Storage System (BESS) project in South Australia

** Contract for project's Stage 1 worth A$105 mln ($68.6 mln)

** Co also gets order for maintenance works at Western Power

** Order expected to generate revenue of ~A$65 mln in FY26

** GNP gains 47% this year, as of last close

($1 = A$1.5298)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))