03-02-2023 02:29 PM | Source: Accord Fintech
EKI Energy Services jumps on signing MoU with UK-based Inclusive Energy
News By Tags | #7179 #7182 #572

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EKI Energy Services is currently trading at Rs. 699.00, up by 11.05 points or 1.61% from its previous closing of Rs. 687.95 on the BSE.

The scrip opened at Rs. 682.00 and has touched a high and low of Rs. 713.80 and Rs. 682.00 respectively. So far 55712 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2964.00 on 06-Jul-2022 and a 52 week low of Rs. 511.95 on 17-Feb-2023.

Last one week high and low of the scrip stood at Rs. 778.70 and Rs. 660.05 respectively. The current market cap of the company is Rs. 1930.48 crore.

The promoters holding in the company stood at 73.44%, while Institutions and Non-Institutions held 9.86% and 16.70% respectively.

EKI Energy Services (EKI) has signed a memorandum of understanding (MoU) with UK-based Inclusive Energy (IE), engaged in the business of manufacturing and supply of smart meters for biogas and DC solar systems, and associated software platforms. The purpose of MoU is to deepen and strengthen the strategic partnership to further digital carbon MRV for energy projects in the voluntary carbon market.

Under the collaboration, EKI and IE will explore the opportunities for, and promote the use of, digital approaches to carbon MRV in the biogas market. EKI will also ensure feasibility analysis of carbon offsets certification with various international standards as per their existing rules & regulations, policy and market analysis. They will evaluate the risks and benefits of different international carbon offset standards, and end-to-end management of the carbon offset certification cycle including trading of offsets. IE will be responsible for the installation and monitoring of performance parameters of Smart Biogas meters within shared projects.