EKI Energy Services touches roof on inking contract with Kochi Metro Rail

15 Mar 2023 Evaluate

EKI Energy Services is currently trading at upper limit of Rs. 621.85, up by 29.60 points or 5.00% from its previous closing of Rs. 592.25 on the BSE.

The scrip opened at Rs. 604.00 and has touched a high and low of Rs. 621.85 and Rs. 595.50 respectively. So far 28683 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. 669.80 and Rs. 590.00 respectively. The current market cap of the company is Rs. 1710.80 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 consultancy service contract with Kochi Metro Rail (KMRL), a Joint Venture Company of the Government of India and the Government of Kerala. The contract has been signed against a tender won by EKI for providing carbon credit advisory services to KMRL.

Under the contract, EKI will ensure development and assistance for Validation, Registration, Verification, Issuance and Trading of carbon credits projects of Kochi Metro
Rail Project. As part of the contract, EKI will ensure end-to-end management of projects eligible for carbon credits including its verification in compliance with the guidelines followed by International Carbon Credit Mechanisms.

With the help of EKI, Kochi Metro Rail will also be able to monetize emission reductions and earn additional revenue which it can use to support its multiple developmental initiatives.

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

EKI Energy Services Share Price

277.95 1.80 (0.65%)
06-Jan-2025 09:09 View Price Chart
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