Powered by: Motilal Oswal
15-02-2024 10:33 AM | Source: Accord Fintech
EKI Energy Services rises as its arm inaugurates Biocoal manufacturing plant in Nashik

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

EKI Energy Services is currently trading at Rs. 399.85, up by 2.60 points or 0.66% from its previous closing of Rs. 395.45 on the BSE.

The scrip opened at Rs. 395.45 and has touched a high and low of Rs. 401.00 and Rs. 393.30 respectively. So far 1757 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 841.00 on 23-Feb-2023 and a 52 week low of Rs. 355.25 on 30-May-2023.

Last one week high and low of the scrip stood at Rs. 414.00 and Rs. 380.20 respectively. The current market cap of the company is Rs. 1088.43 crore.

The promoters holding in the company stood at 73.40%, while Institutions and Non-Institutions held 0.16% and 26.44% respectively.

EKI Energy Services’ subsidiary -- GHG Reduction Technologies has inaugurated its state-of-the art Biomass Briquettes (Biocoal) manufacturing plant in Dindori, Nashik, Maharashtra. The inauguration ceremony marked a significant milestone in GHG Reduction Technology's ongoing commitment towards clean energy transitions and mitigating global warming.

The new biomass briquettes plant represents EKI's mission to facilitate manufacture products that significantly reduce greenhouse gas emissions through its Nashik-based subsidiary. By introducing biomass briquettes as a cleaner and more sustainable alternative to traditional coal, the company aims to contribute to environmental conservation and promote eco-friendly energy solutions.

With an initial production capacity of 800 metric tonnes per month, expandable up to 1200 metric tonnes a month, the new briquettes plant is poised to revolutionize the biofuel industry. This bio briquettes plant is the first of many that GHG Reduction Technologies plans to establish in the future as part of its expansion strategy towards providing cleaner and more sustainable energy solutions. 

EKI Energy Services is a well-recognized brand in the realm of ‘climate change, carbon credit, and sustainability solutions’ across the globe.