** Shares of Delorean DEL.AX rise 20% to A$0.15, their highest level since February 12
** Shares of the utilities co gain most since early October 2024
** Co signs A$6.1 million ($3.86 million) grant funding agreement with the Australian Government’s Australian Renewable Energy Agency (ARENA)
** Grant enables co to enhance its SA1 bioenergy facility
** Shares of co, however, are down 11.8% this year
($1 = 1.5788 Australian dollars)
(Reporting by Nichiket Sunil in Bengaluru)
((Nichiket.Sunil@thomsonreuters.com))
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