Strategy

EKI Energy reported H1 FY2022 revenues of Rs. 637 Crores

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Indore (Madhya Pradesh) [India], October 30 (ANI/NewsVoir): EKI Energy Services Limited (EKI Energy) (Considering the higher demand for carbon credits and a widening demand-supply gap in the global markets, we had entered in a major deal to purchase carbon credits in H1 FY22.As part of our business strategy of continuous expansion across different geographies and industries, we are also exploring new avenues of business. EKI Energy is exploring attractive business opportunities arising from the proposed Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). The scheme is applicable from 2021 and voluntary for all countries until 2027 but many countries including the US and China have already implemented the scheme and other countries to follow in the near term. The implementation of CORSIA will increase global carbon credit demand substantially and will increase the demand-supply gap further.With improving market dynamics, the current carbon offsetting demand is sustainable and expected to increase in future. We are positively looking forward to the scheduled COP26, which is expected to bring more stringent guidelines to control emission and increase emission reduction targets. The increasing awareness for reduction in global emissions and collective efforts of various regulatory bodies is expected to increase the pricing and scope of carbon pricing instruments over time.Going forward, with strong business fundamentals, higher demand for carbon credits supported by evolving global carbon credit markets and economic recovery from the COVID-19 pandemic, we are confident of continuing strong growth momentum and maximizing shareholder value.” Founded in 2011, EKI Energy Services Limited (EKI Energy) is one of the leading company in the carbon credit industry in India with an established global footprint. EKI Energy is a renowned brand in the realm of “climate change, carbon credits and sustainability solutions”. We provide all services in carbon asset management that includes, carbon footprint management, sustainability audits, training for quality control and management, carbon neutrality, life-cycle analysis and end to end carbon offset project management.

We render strategic solutions to businesses and organizations globally to achieve their climate ambition. Our objective is to assist businesses and organizations in progress toward a net-zero carbon and climate-resilient global economy. We are in the business of protecting the environmenthuman life from the climate change crisis which is considered a global threat to essential life ingredients – clean air, safe drinking water, nutritious food supply and safe shelter.Climate Change, Sustainability Advisory and Carbon Offsetting ServiceWe offer climate sustainability advisory services that include advisory in respect of climate change, GHG policy, low-carbon transformation strategy, GHG emissions inventoryregistry, appropriate mitigating actions as well as climate change action plan. We also provide a carbon offsetting service that involves the validation, registration, monitoring, verification, issuance and supply of eligible carbon credits.Business Advisory and Other ServicesISO Advisory: We provide integrated solutions for ISO standards implementation. Electrical Safety Audits: We offer a systematic approach to evaluate potential hazards and recommend corrective measures for improvement in electrical installations. Lean Manufacturing Advisory: We implement appropriate lean toolstechniques (such as Kaizen, 5S, JIT, SOP etc.), a client’s unit leading to value creation.Memberships: CDP, IETA and UNFCCC CNNAccreditations: Consultancy Development Centre, Govt. of India and NBQP/QCIKey Facts:900 Projects in Portfolio120 Employees Globally2,000 Worldwide ClientsCorporate Office: EnKing Embassy, Plot 48, Behind Vrindavan Hotel, Part II, Vijay Nagar, Indore, Madhya Pradesh 452010Website Address:These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others: general economic and business conditions in India and overseas, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the related industries, increasing competition in and the conditions of the related industries, changes in political conditions in India and changes in the foreign exchange control regulations in India.

Neither EKI Energy, nor our Directors, or any of our subsidiaries/associates assume any obligation to update any forward-looking statement contained in this release.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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