Shares rose 1.3% to ₹261.80 as Genus Power disclosed a ₹148.20‑crore buyback at ₹312 per share.
The board fixed Oct 30, 2026 as the record date and capped the repurchase at 47.5 lakh shares, equal to 1.56% of total equity and 6.77% of free reserves.
Eligible shareholders listed on the record date can tender shares; the final acceptance ratio will hinge on participation levels and the letter of offer conditions.
Reducing the float by 1.56% should lift EPS by roughly 1.2%, assuming constant net income.
In the energy‑infrastructure sector, buybacks averaged 0.9% of equity last year; Genus Power’s move exceeds that benchmark.
The firm maintains FY27 revenue guidance of ₹6,000‑₹6,500 crore and an 18% margin target, supported by a ₹24,000 crore order book as of June 30.