GENUSPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Genus Power has issued a press release to address three circulating market rumors. First, it denies any liquidated damages on its Rajasthan smart metering projects, saying they are under full execution, and notes that the Ministry of Power has extended the Revamped Distribution Sector Scheme (RDSS) deadline by two years to March 31, 2028 due to industry-wide delays. Second, it clarifies that it was never blacklisted in Goa — an internal memo by the Goa Electricity Department was quashed by the Goa High Court in September 2024 and withdrawn in October 2024. Third, the company states US tariffs will have no material impact as all its products are 'Made in India', it has no US order book, and its supply chain is well-diversified. It also confirmed operational go-live for projects in Assam, Maharashtra, Bihar, Chhattisgarh, and Uttar Pradesh covering nearly 2 crore meters.
This clarification should help calm investor concerns triggered by recent negative speculation, supporting sentiment around the stock. The extended RDSS deadline and cleared Goa matter reduce near-term execution risk, while the lack of US exposure insulates the company from global tariff headwinds.