Australia's AGL Energy rises after Siemens turbine deal

AGL Energy

31/10/2025 02:47

** AGL Energy AGL.AX rises as much as 2.4% to A$9.360, highest since August 13

** Australia's top power retailer buys four gas turbines from Siemens AB for A$185 million ($120.2 million)

** Stock posts biggest intraday pct gain since October 23

** Deal comes day after co signs renewable energy offtake deal with Tilt Renewables

** YTD, AGL falls 17.8%

($1 = A$1.5389)

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))