Genus Power Stock Plunges Nearly 6% Amid Market Speculation; Company Issues Clarification

Mumbai, 29 August 2025: Genus Power share price fell significantly and closed 5.97%, or 20.80 points lower at ₹327.50. The shares made an intraday high of ₹349.90 and a low of ₹313.55. This comes after investors started to sell the shares of the company due to negative speculation about its Rajasthan and Goa projects, along with concerns surrounding the impact of US tariffs on its operations.

The share price continued to fall despite the company issuing individual clarifications. The company clarified that no liquidated damages have been levied on its Rajasthan projects and denied any termination of contracts. It communicated that the delays in smart metering projects are not personal to its company but are industry-wide.

Genus Power Infrastructures Ltd is an Indian company that manufactures and supplies smart metering solutions, along with providing related services. The company was established in 1992 and is headquartered in Jaipur, Rajasthan. The company is listed on NSE with the ticker symbol GENUSPOWER and on BSE with the code 530343.

Goa Blacklisting Rumours Denied; High Court Quashes Internal Memo from 2024

Amid these concerns, speculation also arose regarding a possible blacklisting by the Goa Electricity Department. Genus Power clarified that no such blacklisting occurred. The company further confirmed that the High Court of Goa quashed a 2024 internal memo restricting participation during the first hearing, which was subsequently withdrawn, reinforcing operational credibility and investor confidence.

US Tariff Impact Minimal as Products Made in India with Diversified Supply Chains

Following clarification on domestic project concerns, Genus Power also addressed international trade fears. The company confirmed that potential US tariffs will not impact its business, as it currently holds no active orders from the United States. With all products manufactured in India and supported by well-diversified supply chains, operational stability is maintained, revenue streams are protected, and investor confidence remains strong.

Operational Go-Live Certificates Secured Across 2 Crore Smart Meters in Multiple States

In addition to mitigating external risks, Genus Power has demonstrated strong operational execution. Nearly 2 crore smart meters across Assam, Maharashtra, Bihar, Chhattisgarh, and Uttar Pradesh have received Operational Go-Live Certificates, confirming compliance with regulatory and operational standards. This achievement reinforces the company’s credibility, ensures revenue recognition, and highlights its capability to deliver large-scale smart metering projects efficiently

Despite a sharp 5.97% decline in Genus Power’s share price due to market speculation on project delays and US tariffs, the company has clarified all concerns, including Goa blacklisting rumours and operational risks. With products manufactured in India, diversified supply chains, and nearly 2 crore smart meters certified across multiple states, Genus Power remains operationally strong and well-positioned for continued growth.

REF: https://nsearchives.nseindia.com/corporate/GENUSPOWER_29082025143048_Clarification_final_signed.pdf

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