EKI Energy Services surges on partnering with Indian Oil Corporation
EKI Energy Services is currently trading at Rs. 421.50, up by 11.60 points or 2.83% from its previous closing of Rs. 409.90 on the BSE.
The scrip opened at Rs. 409.00 and has touched a high and low of Rs. 428.00 and Rs. 407.15 respectively. So far 113589 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1547.00 on 06-Dec-2022 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. 428.00 and Rs. 406.00 respectively. The current market cap of the company is Rs. 1122.90 crore.
The promoters holding in the company stood at 73.41%, while Institutions and Non-Institutions held 0.16% and 26.43% respectively.
EKI Energy Services and Indian Oil Corporation (IOC) have formalized a Memorandum of Understanding (MoU). This strategic collaboration aims to promote ‘Surya Nutan’, IOC's innovative indoor solar cooking system.
Under the MoU, IOC will share the technology of ‘Surya Nutan’ with EKI to enhance its production and distribution, supported by carbon finance while contributing towards the betterment of society and environment. EKI will oversee the end-to-end management of 'Surya Nutan' encompassing manufacturing, marketing, installation, and the provision of after-sales services. This will be achieved by leveraging carbon finance, corporate social responsibility, or any other similar means.
EKI Energy Services is a well-recognized brand in the realm of ‘climate change, carbon credit, and sustainability solutions’ across the globe.
