BUZZ-Australia's GenusPlus rises on contract for renewable energy project

Reuters
2024-12-24
BUZZ-Australia's GenusPlus rises on contract for renewable energy project

** Shares of GenusPlus GNP.AX rise as much as 3.3% to A$2.53, set for their best trading session since Dec. 11 - if current gains hold

** Power and communication infrastructure and services provider says it has been awarded a contract for Stage 1 of TasNetworks' North West Transmission Developments (NWTD) project in Tasmania

** Says estimated total project cost for NWTD Stage 1 is ~A$950 mln ($592.80 mln)

** About 285,500 shares change hands, compared with the 30-day average volume of 220,679

** Stock had risen 75% YTD, as of last close

($1 = 1.6026 Australian dollars)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

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