Australia's PPK Group rises on government grant for majority held energy co

PPK

16/04/2026 06:51

** Shares of PPK Group PPK.AX rise 3.3% to A$0.315, on track for best day since March 27 if current gains hold

** Co says PowerPlus Energy, in which it holds a majority stake, awarded A$2.3 million ($1.65 million) by the Australian Renewable Energy Agency to expand battery pack manufacturing

** Says PPE to scale up to 150 MWh of battery modules annually over next two years

** Stock down 33.7% YTD, including day's moves

($1 = 1.3908 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((Jasmeenaraislam.Shaikh@thomsonreuters.com;))