EKI Energy Services zooms on partnering with DNV Supply Chain and Product Assurance

EKI Energy Services zooms on partnering with DNV Supply Chain and Product Assurance

Indian Market
by 5paisa Research Team Last Updated: 2023-01-12T14:45:42+05:30

Today, the stock opened at Rs 1237.00 and has touched a high and low of Rs 1285.00 and Rs 1215.00, respectively.

At 1 pm, shares of EKI Energy Services were trading at Rs 1245.80, up by 23.70 points or 1.94% from its previous closing of Rs 1222.10 on the BSE.

EKI Energy Services has collaborated with DNV Supply Chain & Product Assurance, a Norway-based independent assurance and risk management provider, to foster the climate transition ecosystem through a variety of measures agreed upon by both organisations as part of the Charter of Collaboration.

The collaboration is consistent with EKI's goal of achieving a net-zero future. EKI will provide advisory services to DNV's assurance customers on their journey to carbon neutrality and net-zero emissions as part of this collaboration, in addition to GHG inventorization/ESG and sustainability assurance services. This collaboration will also broaden EKI's global reach and strengthen its global customer network, as well as bridge the gap between capital market sustainable finance and carbon finance through innovative debt financial instrument assurance with DNV's broad experience, deep expertise, and global reach, as the company operates in over 100 countries.

EKI Energy Services Ltd is engaged in the business of climate change & sustainability advisory and carbon offsetting, along with business excellence services. The company is a well-recognized brand in the realm of ‘climate change, carbon credit, and sustainability solutions’ across the globe. 
Shares of EKI Energy Services were trading at a P/E of 7.33x with ROE and ROCE of 176.49% and 236.53%, respectively. The BSE group 'A' stock of face value of Rs 10 has a 52-week high and low of Rs 3149.99 and Rs 1072.60, respectively. Last one week high and low of the scrip stood at Rs 1286.05 and Rs 1215.00, respectively. The current market cap of the company is Rs 3,452.24 crore.

The promoters holding in the company stood at 73.47%, while Institutions and Non-Institutions held 10.68% and 15.86% respectively.


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