India, Feb. 16 -- Contact Energy Ltd. (COENF,CEN.AX) reported Monday higher profit in the first half of fiscal 2026.
Further, the New Zealand-based energy generator announced NZ$525 million equity raise to advance the execution and potential upsizing of renewable energy projects which would accelerate the Contact31+ strategy.
Separately, Contact announced it has made an offer to take full ownership of King Country Energy by purchasing the remaining 25% stake from King Country Trust for around NZ$47 million.
Contact, through its subsidiary, King Country Energy Holdings, currently holds around 75% of the shares in King Country Energy and operates and maintains King Country Energy's five hydropower stations.
In the first half, net profit c...