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GenusPlus Group Ltd (ASX:GNP)

ALERT: Price-sensitive ASX Announcement for GNP
Current share price for GNP : $9.420 0.16 (1.73%)+
Announcement
Release
15 Jul 2026 2:51PM
Price at Release
$9.260
Full Release
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Summary
GenusPlus Group Ltd, a key player in infrastructure construction and services, has been awarded a significant contract by Rio Tinto valued at approximately $55 million for the expansion of the 220kV Millstream Substation in the Pilbara region of Western Australia. The project, under a Master Construction Agreement, forms part of a broader initiative involving electrical, instrumentation, and controls works across Rio Tinto's Pilbara operations. Expected to commence immediately and be completed by mid-2028, the project will involve around 50 GenusPlus personnel. This contract marks a continuation of the existing partnership between GenusPlus and Rio Tinto, strengthening their collaborative efforts in delivering essential energy infrastructure. The contract aligns with GenusPlus' strategic goals to convert their strong tender pipeline into an actionable order book as they head into the financial year 2027.
Key Points
  • GenusPlus awarded a $55 million contract by Rio Tinto.
  • Contract involves 220kV Millstream Substation expansion.
  • Project located in Pilbara region, Western Australia.
  • Estimated completion by mid-2028.
  • Approximately 50 personnel will be involved.
  • Contract part of Rio Tinto's broader Pilbara projects.
  • Partnership extension with Rio Tinto under a Master Construction Agreement.
  • Project to commence immediately.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.