GenusPlus advances early works on TasNetworks’ North West transmission project

The latest announcement is out from GenusPlus Group Ltd. ( (AU:GNP) ).

GenusPlus Group Ltd, a national essential power and communications infrastructure provider, focuses on designing, constructing and maintaining transmission and distribution assets, substations, battery systems and integrated communications networks across Australia. Its services support the transition to a carbon neutral economy by enabling integration of new generation and advanced networking technologies into existing systems.

The company has provided an update on its work on TasNetworks’ North West Transmission Developments Stage 1, where it has completed about $42 million of engineering, design and survey works during the Early Contractor Involvement phase. Under early works agreements worth roughly $80 million, GenusPlus has also begun procuring long‑lead equipment and materials and will undertake early mobilisation, while the larger construction phase remains contingent on TasNetworks’ final approvals and investment decisions and is scheduled to be completed in 2029 if it proceeds.

The most recent analyst rating on (AU:GNP) stock is a Buy with a A$9.49 price target. To see the full list of analyst forecasts on GenusPlus Group Ltd. stock, see the AU:GNP Stock Forecast page.

More about GenusPlus Group Ltd.

GenusPlus Group Ltd is an Australian specialist provider of power and communications infrastructure and services. The company designs, builds and maintains electrical transmission and distribution networks, substations and battery systems, and helps customers integrate new generation technologies into traditional grids while delivering scalable fixed and wireless communication network solutions.

Average Trading Volume: 339,263

Technical Sentiment Signal: Buy

Current Market Cap: A$1.67B

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