On Wednesday, after market hours, the company informed investors through an exchange filing that the company's corporate office was searched by the Directorate of Enforcement on December 3, 2024
Genus Power Infrastructures on Tuesday reported a multifold jump in its standalone net profit of Rs 58.25 crore in the September quarter due to higher income. It had posted Rs 11.02 crore in the July-September period of the preceding 2023-24 fiscal, the company said in an exchange filing. The company's total income rose to Rs 518.28 crore from Rs 268.51 crore a year ago.
Genus Power is set to become one of the largest beneficiaries of the upcoming smart meter installation drive under the Rs 3-trillion revamped distribution sector scheme, say analysts
PC Jeweller, MTNL, Kitex Garments, 63 Moons Tech, Genus Power, Refex Industries, Solara Active Pharma, and Suraj Estates Developers were locked in 5 per cent lower circuit on the BSE.
Over the past few weeks, the company has won three major orders, cumulatively valued at Rs 11,003.08 crore (net of taxes).
Genus Power Infrastructures shares were locked in 5 per cent upper circuit, hitting their all time high at Rs 438.35 on Wednesday following a large order win by the company
With these recent orders, the company's total order book, including all special purpose vehicles (SPVs) and the GIC Platform, exceeds Rs 24,383 crore (net of taxes).
Genus Power Infrastructure, Shakti Pumps (India), Gallant Ispat, Suraj Estate Developers, Panacea Biotec, Suzlon and Elpro Intl among BSE Allcap index were frozen at the highest limit for the day.