Economic cost of plastic pollution: Can we afford it?
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March 30 2023, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has joined hands with WOCE Solutions Pvt. Ltd., a company that helps organizations understand and implement the concept of capturing carbon footprint through innovative product offerings.
EKI Energy Services Ltd. joins forces with WOCE Solutions Pvt. Ltd. to provide a comprehensive bouquet of sustainability solutions with integrated technology
March 30 2023, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has joined hands with WOCE Solutions Pvt. Ltd., a company that helps organizations understand and implement the concept of capturing carbon footprint through innovative product offerings.
It’s a first-of-its-kind development in the country which seeks to facilitate individuals, businesses and organizations with a one-stop solution for all aspects of carbon inventory, management and neutrality/net-zero solutions.
This association will also pave way for development & adoption of Digital Monitoring, Reporting & Verification (DMRV) for various projects which EKI is servicing across the globe in addition to the ones it will undertake in future, resulting in improved quality assurance, accuracy, integrity, transparency and trust.
As a result of the collaboration, EKI aims to enhance the current scope and extent of its sustainability and climate change solutions by integrating technology into the existing service offerings. All the existing and prospective clients will now be facilitated with end-to-end carbon management including the ability to capture, measure, track, reduce and offset their carbon footprint.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “We believe it is important to strengthen climate action globally to control GHG carbon emissions and fast stride the journey towards a net-zero future. This is possible only if individuals, businesses and organizations realize the need for reducing their carbon footprint, get right guidance and consultancy to start their climate journey and contribute significantly towards global climate action. Through our collaboration with WOCE, we aim to ease the climate journey for everyone and ensure that one gets all climate solutions from the calculation of carbon footprint to consultancy for carbon offset management under one roof.”
Mr. Anup Garg, Founder and Director at World of Circular Economy (WOCE) Solutions Pvt. Ltd., said, “Our partnership with EKI represents a significant step towards creating a more sustainable and equitable world. With this collaboration, we will provide an all-encompassing suite of sustainability consulting and technology solutions to 3500+ clients across 40+ countries which EKI is currently serving. Our goal is to achieve carbon neutralization. WOCE is dedicated to offering comprehensive solutions that will aid in the creation of a sustainable future for all. Together with EKI, we will drive meaningful change and ensure a better future for generations to come.”
According to a recent research report by Research and Markets, the global sustainability & energy management software market is growing exponentially. It was estimated at USD 1.34 billion in 2022, USD 1.51 billion in 2023, and is projected to grow at a CAGR of 12.39% to reach USD 3.42 billion by 2030.(Source: link)
Climate compliance continues to be a largely voluntary practice by companies. EKI envisions enabling businesses, organizations and even individuals across the globe to gauge the adverse effect of their business activities on climate and be a one-stop solution for climate action at all levels. It is time that everyone understands their climate obligations and through this collaboration, EKI aims to onboard more people to adopt sustainable practices and enhance its leadership in the climate services sector globally.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
Contact us at business@enkingint.org to start your climate journey.
About WOCE Solutions Pvt. Ltd.
WOCE Solutions Pvt. Ltd. is a Delhi-based startup on a mission to build a more sustainable future for all, with a mission to enable businesses, organizations, and individuals to solve sustainability challenges and realize competitive advantage and impact at scale towards Net Zero 2070. Founded in May 2022, the company offers a blend of consulting (WOCE Consulting) and technology (WOCE LABS) solutions that include defining sustainability strategy and roadmaps and regulatory compliance solutions, sustainability education and training, as well as a platform and product suite for sustainability measurement (scope 1, 2, and 3 emissions reporting), analytics, and performance tracking. WOCE also provides services related to regulatory reporting and compliance for GHG, GRI, TCFD, CDP, SECR, and other standards. Through its comprehensive solutions, WOCE is committed to building a more sustainable future for all.
Visit our website to know more: https://www.worldofcirculareconomy.com/
Contact us at partners@worldofcirculareconomy.com
March 2 2023, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has signed an MOU with UK-based Inclusive Energy Ltd (IE), engaged in the business of manufacturing and supply of smart meters for biogas and DC solar systems, and associated software platforms. The purpose of MOU is to deepen and strengthen the strategic partnership to further digital carbon MRV for energy projects in the voluntary carbon market.
EKI Energy Services Ltd. (EKI) collaborates with UK-based Inclusive Energy Ltd to further digital carbon MRV for energy projects in the voluntary carbon market
February _ 2023, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it has signed an MOU with UK-based Inclusive Energy Ltd (IE), engaged in the business of manufacturing and supply of smart meters for biogas and DC solar systems, and associated software platforms. The purpose of MOU is to deepen and strengthen the strategic partnership to further digital carbon MRV for energy projects in the voluntary carbon market.
Smart Biogas meters are specifically designed for small and medium-scale biogas plants and can enable Digital – Monitoring Reporting and Verification (D-MRV) to replace manual data collection which is often questioned for its integrity and costs. The biogas meters have been accepted by CDM and Gold Standard through 2 methodology deviations approved by CDM and Gold Standard.
Under the collaboration, EKI and IE will explore the opportunities for, and promote the use of, digital approaches to carbon MRV in the biogas market. EKI will also ensure feasibility analysis of carbon offsets certification with various international standards as per their existing rules & regulations, policy and market analysis. They will evaluate the risks and benefits of different international carbon offset standards, and end-to-end management of the carbon offset certification cycle including trading of offsets. IE will be responsible for the installation and monitoring of performance parameters of Smart Biogas meters within shared projects.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “Digital MRV of reductions in GHG emissions has been gaining momentum recently. Digital innovations are being leveraged to drastically improve the efficiency, credibility and reliability of MRV activities and also play a key role in scaling carbon markets with integrity. Its benefits are significant, including increased efficiencies and accuracy of verification activities, improved data quality and comparability and near-real time issuances. Through our collaboration with Inclusive Energy, we aim to strengthen digital approaches to carbon MRV in the biogas market to ensure comprehensive data collection and spur growth in voluntary carbon market.”
Mr. Vijay Bhopal, CEO, Inclusive Energy Ltd. said, “We believe that D-MRV is not only an opportunity now, but likely a necessity in the future. The technology needed to create verifiable, accurate and cost-effective carbon credits exists. We hope to create a market for these higher quality, digitised offsets, leading to more trust and investment in the biogas market at large. This collaboration with a leading carbon credit developer such as EKI is significant, as the biogas market attempts to unlock voluntary carbon market models that work better for biogas businesses and customers.”
D-MRV approaches will allow for integrated digital systems encompassing monitoring, quantification, verification, and issuance processes, hence enabling continuous certification and issuance. This will provide verifiers, standards, and researchers with a wealth of data that could be used to improve methodologies, verification, and certification, increase accuracy and credibility of emission reduction/removal quantification and help optimize crediting activities.
The collaborative projects in the biogas market will also enable significant GHG emission reduction. The generated biogas from the plants will be used for cooking and other thermal energy needs in households. The thermal energy generated from the project activity replaces the equal amount of thermal energy which otherwise would have been supplied from the woody biomass (fire-wood) based stove technology or LPG stoves.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3500+ customers across 40+ countries. As on date, EKI has supplied over 200+ million offsets. Visit our website to know more: https://enkingint.org/
Contact us at business@enkingint.org to start your climate journey.
About Inclusive Energy
Inclusive Energy is a specialist smart metering company working in both solar and biogas. Their smart metering products are in use in 27 countries and are pushing beyond the state-of-the-art, bringing about new opportunities for their customers through digitisation. Based in the UK and India, the company was incorporated in 2018 and launched Smart Biogas in 2021. They have pioneered D-MRV approaches in the biogas market for several years; achieving methodological deviations to both CDM and Gold Standard to allow for digital approaches. The company has been piloting digital D-MRV approaches with leading stakeholders in Kenya and Uganda since 2022.
India, Feb 20,2023: India has finalised a list of activities that is taken into account for selling carbon credits on the global market, in compliance with Article 6.2 of the Paris Agreement, in a step that is sure to please investors in the carbon credit market. EKI welcomes this important milestone in the step forward to a greener planet.
EKI welcomes India’s step forward to greener planet as Centre releases tech list under Article 6.2 of Paris Agreement
EKI Energy welcomes the Indian government’s move that is going to bring cheers to the investors in the carbon credits market, it has finalised a list of activities that will be taken into account for trading carbon credits on the global market, in accordance with Article 6.2 of the Paris Agreement.
India, Feb 20,2023: India has finalised a list of activities that is taken into account for selling carbon credits on the global market, in compliance with Article 6.2 of the Paris Agreement, in a step that is sure to please investors in the carbon credit market. EKI welcomes this important milestone in the step forward to a greener planet.
The list, made public by the Union Environment Ministry on last Friday, includes Greenhouse Gas (GHG) mitigation activities, alternate materials, and removal activities. The complete list is as follows:
The list effectively serves as a wishlist of areas where India aims to attract investments, with the investing nation or company receiving a share of the carbon credits obtained from deploying these technologies to offset carbon emissions.
“These activities will facilitate adoption/transfer of emerging technologies and may be used to mobilise international finance in India,” said the Government of India.
This notification along with earlier amendment Energy Conservation Act 2022, and subsequent commitment to formalize National Emission Trading System (National ETS) of India, have unlocked new market potentials for the business sector participation towards carbon neutral development. The industry investor in low carbon technologies will now have five different markets segment to choose from for monetizing their carbon credits. These include –
Option 01: Domestic Compliance Carbon Markets (National ETS with National Registry Compliance)
Option 02: Domestic Voluntary Carbon Markets (Voluntary Corporate Actions with National Registry Compliance)
Option 03: Article 6.2 of the Paris Agreement Carbon Markets (Sovereign Trade through Bilateral and Cooperative mode under UNFCCC)
Option 04: Article 6.4 of the Paris Agreement Carbon Markets (International Compliance & Voluntary Carbon Market under UNFCCC)
Option 05: International Voluntary Carbon Markets (Voluntary Corporate Actions through Independent Credible Registry Systems)
Domestic Compliance & Voluntary Carbon Markets:
Option 01: Domestic Compliance Carbon Markets (National ETS with National Registry Compliance)
Option 02: Domestic Voluntary Carbon Markets (Voluntary Corporate Actions with National
The flagship environmental commodity trading schemes that are currently active in India include:
– Perform, Achieve and Trade Scheme (PAT Scheme) under which specific energy consumption targets were given to high energy intensive industrial sectors. ESCerts is the commodity, which is traded under this scheme.
– Renewable Purchase Obligation (RPO) under which obligated entities were given target to have Renewable energy mix. REC (Solar and Non-Solar) is the commodity that is traded under this scheme.
ESCerts and RECs will now be merged into one single commodity & would be known as Domestic Carbon Credits which will operate under Cap & Trade system under National ETS. This is expected to unleash a new era of environmental activism in India even as the country continues to keep its businesses at the forefront.
Documents published by the Bureau of Energy Efficiency (BEE) under Ministry of Power state that though the scheme maybe Voluntary in nature for initial couple of years, once it becomes mandatory for specific sector(s), the scheme will remain open for the Indian Voluntary Market buyer as mentioned in the EC Act. This will open the market for newer avenues even as the demand for Voluntary Carbon Credits grows exponentially in the country.
As a leading player in the International Voluntary Carbon Markets, EKI welcomes these developments given its numerous positives for the country. This will not only enable the development of a robust regulatory driven market but will also significantly contribute towards flourishing the Voluntary Carbon Market in the country.
International Compliance Market to be incorporated under Article 6 of the Paris Agreement
Option 03: Article 6.2 of the Paris Agreement Carbon Markets (Sovereign Trade through Bilateral and Cooperative mode under UNFCCC)
Option 04: Article 6.4 of the Paris Agreement Carbon Markets (International Compliance & Voluntary Carbon Market under UNFCCC)
One of the key outcomes of the COP26 climate summit in Glasgow was the approval of Article 6 – the Paris Agreement’s rulebook governing carbon markets; which further got strengthen through detailing of modalities and procedures during COP 27 at Egypt.
Article 6.2 allows Nations to pursue voluntary cooperation in the implementation of their nationally determined contributions (NDC). Many Nations did the same cooperation like Switzerland and Ghana. With this notification it is obvious that Govt of India will now get into such cooperation agreements with major technology supplying nations and will open to sell the Carbon Credits originated from specific activites. Internationally Transferred Mitigation Outcomes (ITMO) is the commodity that is traded under this sub article.
Article 6.4 establishes a central United Nations (UN) mechanism to trade credits from emissions reductions generated through specific projects. Article 6.4 clearly sets to mobilize an efficient operationalization of market-based mechanism; with or without Country Approval, to be deployed as ITMOs or Voluntary Credits.
The Government of India has now constituted the National Designated Authority for the Implementation of the Paris Agreement (NDAIAPA) vide Gazetted Notification dated 30.05.2022. The NDCs are to be implemented in the post-2020 period. India had submitted its first NDCs in 2015 & on 3 Aug 22 the Union Cabinet, chaired by Prime Minister – Shri Narendra Modi, approved an update to India’s Nationally Determined Contribution (NDC), which is a formal communication to the United Nations, spelling out steps to be taken by the country towards keeping global temperatures from rising beyond 2°C by the end of the century. A6.4 Emission Reductions (A6.4 ER) is the commodity that is traded under this sub article.
The impact on International Voluntary Carbon Markets
Article 6 and domestic/regional emission trading schemes have not led to any changes in the International Voluntary Markets. International Voluntary buyers now have a plethora of choices of ITMOs, Art6.4ERs with Use Authorization, Art.6.4ERs without Use Authorization and, of course, the many different types of voluntary credits issued by different voluntary standards (like CDM, VCS, GS, GCC, etc) and can now themselves, insist for corresponding adjustments (if any).
Since International Voluntary Markets have no double counting issues, no nation has banned the trade of carbon credits under it.
As per Taskforce on Scaling Voluntary Carbon Market [TSVCM] assessment, the International Voluntary Carbon Market is poised to become a 200 Billion USD market by year 2030; with present market size of 1-2 Billion USD.
Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said “India has essentially signal a long-term policy outlook, welcoming investments in specific technologies / activities, as notified. It will encourage investors and businesses to make informed-investments in promotion of these low-carbon technologies in the fastest growing market in the world, leveraging the assured carbon revenue.”
This initiative would soon generate a significant volume and speed in both domestic Indian ETS and foreign trade (FDI) under Article 6.2 for Carbon Credits / Offsets. EKI Energy, one of the World largest Carbon Credit developer, welcomes the notification and which will definitely strengthen the future carbon market and help bring stakeholders confidence in this key area for the bright future of the planet.
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to lists a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3000+ customers across 40+ countries worldwide. As on date, EKI has supplied over 200+ million offsets.
Connect us at business@enkingint.org or visit us at https://enkingint.org/
India, October 12, 2022: In a first-of-its-kind development in the country, eminent stakeholders from the realm of climate change in India, today announced that they have joined hands with Carbon Markets Association of India to form a strategic industry alliance. Established with an aim to transform the country’s carbon market and spearhead the evolution of the domestic market, the association will empower India’s journey to become net-zero through climate positive initiatives.
Members of Carbon Markets Association of India pledge to work towards empowering India’s journey to net-zero
India, October 12, 2022: In a first-of-its-kind development in the country, eminent stakeholders from the realm of climate change in India, today announced that they have joined hands with Carbon Markets Association of India to form a strategic industry alliance. Established with an aim to transform the country’s carbon market and spearhead the evolution of the domestic market, the association will empower India’s journey to become net-zero through climate positive initiatives.
Established at an opportune time as the market gears up for a revolution with the Energy Conservation Act 2022 likely to come into effect soon, the association will work across sectors to bring together an entire ecosystem that focuses on India’s net-zero growth. With climate change as its core focus, the association will also support the development of innovative interventions for climate action.
The association has brought together the industry best experts from the realm of climate change in India under a single platform. Its eminent members include Ayana Renewable Power, ACME Solar, Azure Power, EKI Energy Services Ltd., Macquarie Group, MPCON Ltd. (from Govt. sector), IB Vogt Solar India, Hero Future Energies, Gangadhar Narsinghdas Agrawal, Virescent Renewable Energy Trust, GNA Axles, Adani Greens, Sekura Energy, Virescent Infra (KKR), Torrent Power and DOE (designated operational entities) such as – KBS and VKU Certifications.
Started with select members to begin with, the association will add more members in the next few weeks. Companies eligible to join the association as members include investors or climate project owners and third party inspection companies that have a minimum investment of INR 100 crores in their respective organization/project. Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. will be President of the association.
Representing the association and all its members, Mr. Manish Dabkara, President – Carbon Markets Association of India, said “A robust carbon credit market is the most strategic mechanism that can enable the country’s transition to become carbon neutral and march onwards to net-zero by 2070 as envisioned and committed at COP26 by our PM Shri Narendra Modi. The domestic market that is formed in unison and close consultation with relevant industry stakeholders can tremendously accelerate the country’s transition to become carbon neutral. The association has thus been formed with this at its core DNA, bringing together some of the best minds for advocacy and capacity building”.
He added, “The recent clarification by Shri R.K Singh – Minister of Power and New & Renewable Energy, Govt. of India that the surplus carbon credits from the country will continue to be exported worldwide is a phenomenal development at the opportune time of the association’s launch. India’s carbon market is headed for a new success story and the association will add further impetus to this growth of the market”.
Registered under Section 8 on March 29, 2022 the association aims to work as a mediator between the industry and Govt. bodies for drawing up recommendations on policy guidelines related to Article 6.2, Article 6.4 and the National ETS. The association will help harness the full potentials and deep learning from International Voluntary Carbon Markets for the domestic ETS. The association will play a key role in enabling this development of India’s credit market as it brings together all the key industry stakeholders of the country’s climate revolution – starting from the farmers in the remotest villages to the Central and State Govts., to municipal corporations, to the public and private sector companies and all associated establishments working towards enabling climate action in India.
The export of carbon credits from India to International markets under the Voluntary market scheme, ensures a strong influx of climate finance to India which the country can add back for carbon reduction projects and interventions. The association will help further accelerate this journey as it brings together all the industry stakeholders to establish a dynamic carbon market, facilitating more trade of carbon credits which would imply increased carbon neutral growth and the attainment of NDC goals.
Write to us at secretary@cma-india.in for more details.
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About Carbon Markets Association of India
The Carbon Markets Association of India is a coalition formed with the best of experts from the industry who have teamed together to ensure that India’s journey to develop the National ETS and a robust Domestic Carbon Market, that is well structured with the right policy advocacy and regulatory framework. It aims to bring together all stakeholders in India’s climate change and carbon offset industry, starting from the farmers in the remotest villagers to the MSMEs to the large industries, to formulate strategic steps that can empower the country’s stride to a net zero future. The association is committed to ensure the development of strong policy guidelines and framework to empower the country’s carbon market. For more details, log on to http://cma-india.in/
Indore, 04th November 2022: EKI Energy Services Limited (Brand name “EKI-Enking International”), a prominent developer and supplier of carbon credits across the globe, today announced its Financial Results for the quarter and six months ended 30th September 2022.
Indore, 04th November 2022: EKI Energy Services Limited (Brand name “EKI-Enking International”), a prominent developer and supplier of carbon credits across the globe, today announced its Financial Results for the quarter and six months ended 30th September 2022.
Revenue from Operations*
Rs. 957.6 Cr
EBITDA*
Rs. 272.9 Cr
Profit After Tax*
Rs. 202.6 Cr
*For H1 FY23
Particulars (Rs. Cr) | Standalone | Consolidated | ||||||
H1 FY23 | H1 FY22 | Y-o-Y | Q2 FY23 | Q2 FY22 | Y-o-Y | H1 FY23 | Q2 FY23 | |
Total Revenues | 957.6 | 636.8 | 50.40% | 449.5 | 443.5 | 1.40% | 970.1 | 460.4 |
EBITDA | 272.9 | 156.5 | 74.30% | 129.9 | 108.7 | 19.50% | 288.5 | 143.0 |
EBITDA Margin (%) | 28.50% | 24.60% |
| 28.90% | 24.50% |
| 29.74% | 31.07% |
Profit After Tax | 202.6 | 116.9 | 73.30% | 95.6 | 81.2 | 17.70% | 215.0 | 106.1 |
PAT Margin (%) | 21.20% | 18.40% |
| 21.30% | 18.30% |
| 22.17% | 23.05% |
Key Highlights
Mr. Manish Dabkara, Chairman & MD – EKI Energy Services Ltd. (EKI), said, “Our strong performance is a result of our consistent and focused service delivery with an ardent dream to rehabilitate the planet. I would like to thank my entire team of climate warriors at EKI for showing so much resilience especially in the current times of global uncertainties. We promise to continue aiming for newer milestones and impactful climate interventions empowering the global climate change journey to a greener, safer tomorrow.”
EKI has now become first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. EKI will soon become the first ever to generate International Plastic Credits for collecting and recycling plastic waste in the country through the project.
EKI Energy Services Ltd. has partnered with ICAM (Impact Capital Asset Management Pte. Ltd.) to launch a Rs. 1000 crores (USD 125 million) Climate Impact Fund to develop GHG mitigation projects across the globe. EKI will invest up to Rs. 200 crores (25 million USD) as an anchor investor in the fund with a deep focus on community development. This venture will ensure the long-term sustainable supply of quality carbon credits as well as place the company in global climate finance market.
As the country’s domestic carbon market gears up for a revolution, EKI has been closely working with Govt. and regulatory bodies for constructive recommendations. The company is now part of a strategic industry alliance of eminent stakeholders from the realm of climate change in India – Carbon Markets Association of India (“CMAI”). Established at an opportune time as the market gears up for a revolution with the Energy Conservation Act 2022 likely to come into effect soon, the association aims to work across sectors to bring together an entire ecosystem that focuses on India’s net-zero growth. EKI’s Chairman & MD – Mr. Manish Dabkara is the first President elect of the association. For more details, log on to http://cma-india.in/ .
The company’s subsidiary – GHG Reduction Technologies Pvt. Ltd. that was established earlier this year for the end-to-end management of its green cooking initiative has completed the capacity expansion to achieve one of the highest production capacities in domestic and international market. The company’s manufacturing plant, located in Nashik, now, has a capacity to manufacture up to 5 million improved cook stoves (ICS) per year, the highest ever in the biomass category. This will help EKI to generate more carbon credits from community-based projects that enable nature restoration along with community upliftment.
With its deep expertise of over 14 years, across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives, EKI continues to offer strategic solutions enabling businesses across the world to fast track their climate ambition(s).
For more details, log on to www.enkingint.org
About EKI Energy Services Ltd: EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to lists a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3000+ clients across 40+ countries worldwide. As on date, EKI has supplied over 180+ million offsets.
EKI Energy Services Ltd | Investor Relations: Orient Capital |
CIN: L74200MP2011PLC025904 | Mr. Bhavin Soni +91 98335 37225 |
Name: Ms Itisha Sahu | |
Email: cs@enkingint.org | Mr. Ashish Chovatia ashish.chovatia@linkintime.co.in +91 99300 44680 |
Contact: +91 0731- 4289086 |
Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
Indore, October 27, 2022: Leading developer and supplier of carbon credits across the globe – EKI Energy Services Ltd., today announced that it has joined hands with a leading environmental professional firm – First Source Energy India Pvt. Ltd. and its promoter and promoter group, to establish a first-of-its kind joint venture that will play a pivotal role in India’s climate change industry as the country’s first ever Climate EdTech as well as Climate Finance Marketplace.
Enters into a 50:50 partnership with First Source Energy India Pvt. Ltd. and its promoter to launch India’s first ever Climate EdTech as well as Climate Finance Marketplace
Ø The joint venture entity will be incorporated as “ClimaCool Projects & EduTech Ltd”
Ø The entity will drive focused educational initiatives while also mobilising funds from global markets for sustainable climate projects across the globe
Ø The entity will drive focused initiatives for community enabling weaker sections of the society to access clean technologies that are also energy efficient like green cooking through Improved Cook Stoves (ICS), water filters and LED Bulbs in remote locations globally
Ø The entity will also offer professional training, education and certified courses on climate change and sustainability with specialization across a range of climate subjects including carbon market, carbon accounting, carbon credits, climate finance, renewable energy, electric vehicle, green hydrogen, ESG, net-zero amongst others
Indore, October 27, 2022: Leading developer and supplier of carbon credits across the globe – EKI Energy Services Ltd., today announced that it has joined hands with a leading environmental professional firm – First Source Energy India Pvt. Ltd. and its promoter and promoter group, to establish a first-of-its kind joint venture that will play a pivotal role in India’s climate change industry as the country’s first ever Climate EdTech as well as Climate Finance Marketplace.
The joint venture will be named – ClimaCool Projects & EduTech Ltd. and it will facilitate mobilisation of funds to drive investments for strategic climate interventions like – community based projects, sustainability and renewable energy projects amongst others across the globe.
With a deep focus on developing a strong talent pool for the country’s rapidly growing climate change industry, the joint venture will drive focused educational initiatives and offer specialized courses across a range of climate subjects including carbon market, carbon accounting, carbon credits, climate finance, renewable energy, electric vehicle, green hydrogen, ESG, net-zero amongst others.
With a deep focus on community development, the entity will develop projects that will enable rural homes with easy access to basic home needs like cooking solutions, drinking water and lighting solutions that are climate friendly technological advancements. These projects will also strengthen the backward integration of carbon credit supply chain with high quality credits with its GHG (Greenhouse gases) mitigation capabilities.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “As the world continues to speedily progress towards a carbon neutral future, there is an urgent need to develop skilled talent with specialised expertise on climate change. We want to help bridge this gap while also encouraging more and more people to adopt climate change as a career of choice. In line with this, we are delighted to launch our new venture today that will help us to rope the best from the global academia industry to drive the creation of a strong climate talent pool at global level. The venture will also help us to establish carbon finance marketplace to mobilise funds from global markets for investments in strategic climate mitigation projects across the world”.
Mr. Anand Gupta, CMD & CEO, First Source Energy India Pvt. Ltd said “As the Climate Change Movement is propelling the transition to net zero economy faster than ever, we are very excited to have this joint venture with EKI Energy Services Ltd and create a marketplace to drive finance and investments in community based projects, sustainability, renewable energy etc and also to form an EdTech Platform to serve corporates / professionals / students with courses for training and development in the Climate Change Sector”.
The venture will organize EdTech events, workshops and webinars in close consultation with industry leaders and experts to drive focused educational initiatives for professional training and capacity building. The joint venture will provide a platform to aggregate climate dedicated funds from the global market for investments across energy efficient projects.
EKI Energy Services Ltd. is an Indore based carbon credit expert company that has been working in the realm of climate action and offset solutions since the last 14+ years. The company is now also a key member of a strategic alliance of the industry best experts from the realm of carbon credit and climate change industry in India, namely – Carbon Markets Association of India.
With a presence in 16+ countries, EKI is also the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. EKI will soon become the first ever to generate International Plastic Credits for collecting and recycling plastic wastes in the country through the project. For more details, log on to www.enkingint.org
About EKI Energy Services Limited
EKI Energy Services Ltd. is a leading Carbon Credit Developer & Supplier across the globe. It is the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. Founded in 2008, the Bombay Stock Exchange (BSE) listed company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. With an aim to contribute to the development of a climate resilient global economy, the company offers strategic solutions to businesses and organizations globally to achieve their climate ambition. EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. The company is today present in 16+ countries and has 3000+ clients across 40+ countries worldwide. As on date, EKI has supplied over 180+ million offsets.
About First Source Energy Pvt Ltd & Its Promoters
First Source Energy Pvt. Ltd. organizes conferences, events, trainings and provides market intelligence, research, trackers amongst others. Its Promoter Mr. Anand Gupta is an industry veteran since 14 years and has been instrumental in Trade, Investments, Knowledge etc in Climate Change Industry with his wealth of Experience, Knowledge, Intelligence, Relationships & Credibility. The company provides in-depth research and analysis on unique insights and transperancy in power generation, clean energy, low carbon technologies, carbon markets to climate change idnsutry stakeholders including – Energy Corporations, Govt, Policy Makers & Regulators, Consultancy & Advisory Firms, Associations, Banking &Financial World. Started from Indore, the business is now spread across Indian Subcontinent, SE Asia, Middle East & Africa.
October 18.2022, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it will invest up to INR 200 crores as part of an INR 1000 crores (125 million USD) climate impact fund that it has launched in partnership with Impact Capital Asset Management Pte. Ltd. (ICAM), a Singapore-based Fund Management company.
EKI Energy Services Ltd. (EKI) launches India’s first ever INR 1000 crores (125 million USD) Climate Impact Fund to develop GHG Mitigation projects in partnership with Impact Capital Asset Management Pte. Ltd. (ICAM), Singapore
EKI will invest up to INR 200 crores (25 million USD) as an anchor investor in the Fund with a deep focus on community development across remote locations in India and select countries in Africa, Asia and LATAM
October 18.2022, India: EKI Energy Services Ltd. (EKI), a leading developer and supplier of carbon credits across the globe, today announced that it will invest up to INR 200 crores as part of an INR 1000 crores (125 million USD) climate impact fund that it has launched in partnership with Impact Capital Asset Management Pte. Ltd. (ICAM), a Singapore-based Fund Management company.
The INR 1000 crores (125 million USD) fund is India’s first ever climate impact fund. EKI will invest up to INR 200 crores in a phased manner in this fund with an aim to empower GHG Mitigation projects across the country and internationally. The Fund will specifically focus on high impact community development projects such as clean cooking through large scale deployment of energy efficient improved cook stoves (ICS), access to clean drinking water through water filtration systems and energy-saving lighting solutions like LED Bulbs and waste management amongst others, to meet its objectives of improving lives while also greening the planet.
This initiative will enhance EKI’s global reach and strengthen its network of global clientele. The projects would generate high quality carbon credits for its investors by delivering significant emission reductions, which, the investors can use to offset their own carbon emissions subject to the local law or earn monetary benefits by selling the carbon credits in different carbon markets like CORSIA, domestic emission trading scheme, Article 6.2 / Article 6.4 of Paris Agreement, international voluntary markets subjected to relevant host country approvals. Geographically, the projects will be deployed across remote locations in India and select countries in Africa, Asia and LATAM.
Mr. Manish Dabkara, Chairman & MD, EKI Energy Services Ltd. said, “The world is fast striding towards a net-zero future. We, as climate warriors want to empower this journey with focused investments in climate projects globally. We also want to strengthen our focus on community development. We are delighted to take a significant and concrete step forward toward ensuring increased climate mitigation in India and other parts of the world. We promise to continue developing projects that address larger community issues while also enabling nature restoration”.
Mr. Deepak Mawandia, Founder & CEO – ICAM, said “Focussed on the Planet, its People and Profit (for investors and stakeholders), at ICAM, we are delighted to be partnering with EKI Energy Services Ltd., the leading player globally in the Climate Change/Carbon Offset development space. We look forward to collectively doing our bit to address the challenges of Climate Change by leveraging on our experience to accelerate investments into high impact GHG mitigation and community upliftment projects and initiatives while delivering superior and sustainable risk adjusted returns for our investors”.
EKI offers climate change and sustainability solutions to businesses to help them achieve their carbon neutrality goals. The company provides consultancy/advisory services for the end-to-end management of carbon assets including carbon credit generation, supply, monetization, and offsetting.
Community upliftment has been a core focus area for EKI. In line with this, the company launched its Green Cooking initiative in 2018 to replace the inefficient traditional mud/three stone fire cook stoves with improved cookstoves that are safer and fuel efficient in India. EKI empowers rural homes globally through this initiative. The company has also established a subsidiary – GHG Reductions Technologies Pvt. Ltd. for the end-to-end management of the initiative starting from manufacturing to the distribution of the improved cookstoves. The company recently announced that its manufacturing plant, located in Nashik, now, has a capacity to manufacture 5 million improved cookstoves per year, the highest ever in the biomass category.
In addition to improved cookstoves, the company also has a strong focus on GHG mitigation projects that contribute towards community development and upliftment. These projects include LED projects, water filters and Nature-based Solutions (NBS).
With a presence in 16+ countries, EKI is also the first ever company to list a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. EKI will soon become the first ever to generate International Plastic Credits for collecting and recycling plastic waste in the country through the project. For more details, log on to www.enkingint.org or write to us at business@enkingint.org
Indore, October 10, 2022: Leading developer and supplier of carbon credits across the globe – EKI Energy Services Ltd. today restated that India will not witness any ban for the export of its surplus carbon credits. The announcement comes in the backdrop of a clarification by the country’s Minister for Power and New & Renewable Energy – Shri RK Singh.
EKI Energy Services Ltd. reiterates that India will continue to export carbon credits globally without any restriction or ban
Ø EKI has confirmed the development in the backdrop of a clarification by Shri R.K Singh – Minister of Power and New & Renewable Energy, Govt. of India, that the surplus carbon credits from the country will continue to be exported worldwide
Ø The move will ensure continued stability as the Domestic Carbon Market gears up for a revolution with the development of the National ETS under the EC Act 2022
Indore, October 10, 2022: Leading developer and supplier of carbon credits across the globe – EKI Energy Services Ltd. today restated that India will not witness any ban for the export of its surplus carbon credits. The announcement comes in the backdrop of a clarification by the country’s Minister for Power and New & Renewable Energy – Shri RK Singh.
The export of carbon credits from India to International markets ensures a strong influx of climate finance to India, which is used for climate action initiatives across the country for carbon reduction projects and interventions. This, along with all the other amendments proposed to the EC Act 2022 that are expected to get final approvals by Rajya Sabha [Upper House of Indian Parliament] & President of India by the end of this year, will enable a faster progression for India’s journey to become net-zero by 2070 as committed at COP26.
Speaking to media on the sidelines of the curtain raiser event for the Fifth Assembly of the International Solar Alliance, the Minister said, “We are not looking to ban carbon credits. The ban will only be up to the extent required for our own NDCs [Nationally Determined Contributions]”. He added, “The carbon credits that go to make up our own NDCs we would want to keep for ourselves and anything beyond that can be sold anywhere in the world. Other countries can look forward to huge quantities of carbon credits being available in India”.
Mr. Manish Dabkara, CMD & CEO of EKI Energy Services Ltd. said, “We are happy to hear that this matter finally has greater clarity by the Minister himself. Carbon credits and its trade is an imperative and integral part of any climate positive plans given its capabilities to control GHG emissions. This clarification will enable the entire industry ecosystem to continue its efforts towards strengthening the country’s domestic market with a steady supply of credits that will further accelerate India’s journey to a carbon neutral future and pave the way for the market to unlock new potentials and unleash a new era of environmental activism in India”.
The development reiterates the clarification that EKI Energy Services Ltd. had issued in August 2022, confirming that there will be zero restrictions on the sale of carbon credits developed in India to International global voluntary markets. As for Article 6 carbon credits, greater clarity is expected post the COP27 meeting in the coming month.
The country’s carbon market is all set for a revolution. The Energy Conservation [EC] Act 2022 will bring fair play and increased transparency, enabling all stakeholders with equal opportunities. With the implementation of the National ETS, the domestic carbon credits market will enable the development higher quality sources of carbon credits, benefitting both buyers and sellers and ultimately, supporting progress toward a low-carbon future.
EKI Energy Services Ltd. is an Indore based carbon credit expert company that has been working in the realm of climate action and offset solutions since the last 14+ years. The company enables climate projects across India and abroad in 16+ nations to generate credits for their contribution in reducing carbon from the atmosphere. EKI empowers climate projects to seamlessly generate additional revenues through climate finance. EKI is also the first ever company to lists a Plastic Project from India with Verra – a global accreditation standard located in Washington, USA. The company will soon become the first ever to generate International Plastic Credits for collecting and recycling plastic wastes in the country through the project. For more details, log on to www.enkingint.org
September 27,2022, India: EKI Energy Services Ltd., a leading developer and supplier of carbon credits across the globe, today announced that its subsidiary – GHG Reduction Technologies Pvt. Ltd., has completed the capacity expansion to achieve one of the highest production capacities in the world.
EKI Energy Services Ltd.’s (EKIESL) subsidiary – GHG Reduction Technologies Pvt. Ltd. achieves a major milestone with one of the highest per annum production capacities in the world
September 27,2022, India: EKI Energy Services Ltd., a leading developer and supplier of carbon credits across the globe, today announced that its subsidiary – GHG Reduction Technologies Pvt. Ltd., has completed the capacity expansion to achieve one of the highest production capacities in the world.
The company’s manufacturing plant, located in Nashik, now, has a capacity to manufacture 5 million improved cookstoves per year, the highest ever in the biomass category. These improved cookstoves are being supplied for the clean cooking projects of major oil and gas players across the globe.
The company aims to empower rural households globally with an efficient, safer, cleaner and healthier cooking solution. Branded ‘Agneeka’, the improved cookstoves, are being manufactured and deployed in a phased manner starting with villages in India and spreading across remote locations in other countries.
Mr. Pankaj Pandey, Head – Community-based Projects, EKI Energy Services Ltd. (EKIESL) said, “We are extremely excited about the milestone achievement. We, at EKI, have a deep focus on community upliftment and aim to empower rural households globally with improved cookstoves while enabling strong climate action. We promise to continue enhancing our sustainability services, benefitting a larger section of society and expand our area of operations with a target to reach remote locations in other countries too. The aim is to steer the planet to net-zero while empowering communities.”
EKI Energy Services Ltd launched the Green Cooking initiative in 2018 under its sustainable initiatives with an aim to empower economically weaker households globally with improved cookstoves absolutely free of cost. Each improved cookstove provided by EKI is 30% more efficient than traditional mud/three-stone fire cookstoves and enables a 45-55% reduction in the consumption of firewood as fuel.
The green cooking initiative also aligns with the Sustainable Development Goals (SDGs) of the UN with its added benefits of reduction of environmental pollution, reduction of deforestation, health benefits to villagers, biodiversity conservation and generation of employment. Additionally, it reduces drudgery to women who travel long distances to collect fuel wood, improves the overall health of people living in and around the vicinity of inefficient cookstoves, especially women and ultimately results in women empowerment.
GHG Reductions Technologies Pvt. Ltd. was established earlier this year as a subsidiary for strengthening the backward integration of the carbon credit supply chain and for the end-to-end management of the green cooking initiative starting from manufacturing to the distribution of the improved cookstoves. The subsidiary operates from 27000 square feet of state-of-the-art plant in Nashik, Maharashtra and has generated employment for over 500 people.
Indore, September 13, 2022: EKI Energy Services Ltd. (EKI), a leading carbon developer and supplier across the globe, today announced that it has become the first ever company to lists a Plastic Project from India under a global accreditation standard.
EKI Energy Services Ltd. (EKI) lists India’s first Plastic Project
Indore, September 13, 2022: EKI Energy Services Ltd. (EKI), a leading carbon developer and supplier across the globe, today announced that it has become the first ever company to lists a Plastic Project from India under a global accreditation standard.
With this, the Indore based carbon credit expert that has been working in the realm of climate action and offset solutions since the last 14 years across 16 countries, has become the first ever to list a Plastic Project from the country with an aim to generate India’s first ever International Plastic Credits.
The project ensures that plastic waste – predominantly Polyethylene Terephthalate (PET) waste, PET flakes and chips is duly sourced and recycled to produce Recycled Polyester Staple Fibre (RPSF) that can be further used in the textile industry for garments and other fabric based utility products.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. (EKI) said, “Today, majority of the plastic waste in the country end up either in landfills or is burnt, both of which leak toxic and poisonous chemicals into the environment, adversely affecting the climate. A structured plastic project enables this waste to be collected and recycled in a safe manner, enabling the waste to be transformed into safe to use fabric. As we are empowering such projects to get listed and consequently generate additional revenues, it will inspire many more projects in the country to scale their recycling activities in a structured manner for Plastic Credits Finance that can facilitate and promote greater climate action. Such a value chain will also empower all stakeholders of the collection and recycling process – starting from the rag pickers to recycling facilities. We are delighted to enable the plastic industry in this quest to increasingly contribute to climate action”.
The plastic project has been listed under the Plastic Waste Reduction Standard of Verra – the Washington based accreditation that is a cornerstone standard globally for the implementation of various climate projects. Verra enabled the listing of plastic projects a year back and today EKI has become the first company to accomplish this milestone of listing India’s first ever-plastic project for plastic waste mitigation certifications. For more information, click here: https://verra.org/.
EKI continues to enable climate projects across India to generate credits for their contribution in reducing carbon from the atmosphere. With its global leadership and deep expertise, EKI can empower all projects in the country to seamlessly generate additional revenues through climate finance. EKI offers end-to-end strategic solutions enabling customers to future proof their climate action roadmap and ESG mandates. With a step-by-step guide to enable this transition and journey to net-zero, EKI offers a comprehensive bouquet of solutions enabling organizations across the world to fast track their climate ambition(s). EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. For more details, log on to www.enkingint.org
Indore, September 1 2022: EKI Energy Services Ltd. (EKI), a leading carbon credit developer and supplier across the globe, today announced that further enhancing its leadership as the most trusted partner for the end-to-end management of smart city projects in the country, the company has bagged the consultancy services contract of Varanasi Smart City.
EKI Energy Services Ltd. (EKI) on boarded by Varanasi Smart City as its climate partner
Indore, September 1 2022: EKI Energy Services Ltd. (EKI), a leading carbon credit developer and supplier across the globe, today announced that further enhancing its leadership as the most trusted partner for the end-to-end management of smart city projects in the country, the company has bagged the consultancy services contract of Varanasi Smart City.
Under the contract, EKI will empower Varanasi Smart City to monetize its greenhouse gas (GHG) reduction projects for high quality carbon credits. EKI will enable Varanasi Smart City in the development and management of green projects with the best capabilities for maximum GHG mitigation that will enable Varanasi Smart City to get project accreditations under preeminent international standards including – VCS (Verified Carbon Standard) / GS (Gold Standard) / GCC (Global Carbon Council) / IREC (International – Renewable Energy Certificates) amongst others.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “All of us at team EKI are super proud that as a brand we continue to expand our leadership as the most preferred partner for smart city projects in the country. This win is yet another testimony for our continued commitment to deliver world class services to our partners as we enable them to make their climate projects profitable. We help our partners to realize additional revenues that can be further utilized for increased green project development or other community welfare initiatives in the country. We promise to continue our endeavor to build a sustainable tomorrow as we steer a planet to a net-zero future”.
Dr D Vasudevan, Chief General Manager, Varanasi Smart City Limited said, “EKI is a renowned brand in the realm of carbon credits not only within India but globally. We are happy to on board EKI as our climate project enablers and are confident of their ability to help us manage all our sustainability projects for maximum climate financing with which we can support and fund multiple other welfare and developmental initiatives that we have in Varanasi. We look forward to a long-term association with EKI and to together enable the country to strive ahead in its quest to become net-zero by 2070 as committed at COP26”.
Under the contract, EKI will offer its comprehensive bouquet of strategic consultancy services for the end-to-end management of all the GHG mitigation projects of Varanasi Smart City starting from the feasibility assessment of projects to its validation & registration and finally its verification for the generation of high quality GHG carbon credits that can be monetized in global markets for additional revenues.
EKI continues to enable other smart city projects across the country including the Indore Smart City Development Ltd. (ISCDL), Ujjain Smart City, Visakhapatnam Smart City, Municipal Corporation of Tirupati, Surat Smart City and Bhubaneshwar Smart City.
The company has enabled ISCDL to realize additional revenues of up to Rs. 8.34 crores in FY 2021-22 and also become the only Municipal Corporation in India and Asia to generate carbon finance through its sustainable initiatives. EKI’s advisory services also significantly contributed in ISCDL’s initiatives to establish the city as India’s cleanest city for the fifth year in a row under the rankings by Swachh Survekshan 2021.
Given its global leadership, deep expertise of 14 years and experience with other smart city projects, EKI can easily help replicate its strategic climate solutions and technology interventions across other municipal corporations and smart city missions in the country, enabling them all to reduce their carbon footprint to generate additional revenues from their climate projects.
EKI offers end-to-end strategic solutions enabling customers to future proof their climate action roadmap and ESG mandates. With a step-by-step guide to enable this transition and journey to net-zero, EKI offers a comprehensive bouquet of solutions enabling organizations across the world to fast track their climate ambition(s). EKI offerings span across Carbon Credit/Asset Management, Carbon Credit Generation, Carbon Credit Supply, Carbon Credit Offsetting, Carbon Footprint Management, Sustainability Audits, as well as Carbon Neutrality and Climate Positive initiatives. For more details, log on to www.enkingint.org
Indore, 29th July 2022: EKI Energy Services Limited (EKI), a leading developer and supplier of carbon credits across the globe, today announced its Financial Results for the first quarter ending 30th June 2022 of FY 2022-23.
Indore (India) July 1, 2022: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that effective July 4, 2022, the company will complete the migration of its equity shares from the BSE SME platform to BSE Main Board. The company also announced the issuance of bonus shares in the ratio of 3:1 (3 shares as bonus for every 1 existing equity share held).
EKI Energy Services Ltd. to migrate its equity shares from SME to Main Board at BSE
Indore (India) July 1, 2022: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today announced that effective July 4, 2022, the company will complete the migration of its equity shares from the BSE SME platform to BSE Main Board. The company also announced the issuance of bonus shares in the ratio of 3:1 (3 shares as bonus for every 1 existing equity share held).
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EKI debuted on BSE in April 2021 under the SME segment and witnessed one of the most successful IPO of the year. It is today, the only carbon asset company in the world that is listed on the Stock Exchange.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “We are delighted to achieve this remarkable milestone today and it makes us proud that we have accomplished this within 13 months of first listing on BSE. This movement to the BSE Main Board is yet another proof for our track record as a global market leader and trusted climate partner of clients worldwide. We are honored to be a part of BSE and the fantastic journey we continue to have. We would like to thank BSE for supporting us in our quest to achieve newer heights. We would also like to thank all our stakeholders including our clients, partners, investors, mentors and our dear employees for their continued support and trust in us.”
With a presence in 16 countries and 13+ years of expertise, EKI offers strategic solutions for the end-to-end management of carbon assets with an aim to conserve and restore nature while also enabling community development through sustainable practices. Earlier this year, the company announced its commitment to become net-zero by 2030 in addition to defining a target of mobilizing up to 1 billion credits within the next 5 years (by 2027). For more details, log on to www.enkingint.org
Indore (India) June 15, 2022: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today, announced that it has ventured into the Republic of Singapore with the constitution of its wholly owned subsidiary – EnKing International Pte Ltd.
EKI Energy Services Ltd. expands global presence, enters the Republic of Singapore with a wholly owned subsidiary – EnKing International Pte Ltd.
The newly constituted subsidiary will further enhance EKI’s leadership in the global Carbon Credits Market
Indore (India) June 15, 2022: EKI Energy Services Ltd (EKI), a leading developer and supplier of carbon credits across the globe, today, announced that it has ventured into the Republic of Singapore with the constitution of its wholly owned subsidiary – EnKing International Pte Ltd.
The subsidiary will offer climate consultancy and advisory services for carbon asset management through its comprehensive bouquet of sustainable solutions. With this, EKI has strengthened its global footprint and consolidated its leadership in Southeast Asian markets. The company already has a presence in neighboring countries like Thailand, Vietnam, Indonesia and Philippines. EKI will now be able to widen the scope of its services to newer markets and expand further in the region.
Mr. Manish Dabkara, CEO and CMD, EKI Energy Services Ltd. said, “We are extremely delighted to establish our presence here in Singapore – a country of beautiful skylines and immaculate greenery which is immensely affirmative for climate and the planet. We will further enhance climate action in the region with our strategic solutions and help businesses in the country to fast track their climate ambition(s) even as we strengthen our operations in the region. We are now present in 16 countries around the world and are fast expanding our global presence”.
Indore, 17th May 2022: EKI Energy Services Limited (EKI), a premier carbon credit developer and supplier across the globe, announced its Financial Results for the Half Year and Year ended 31st March 2022.
India, April 25, 2022: EKI Energy Services Ltd (EKIESL), a leading developer and supplier of carbon credits across the globe, today, announced a host of strategic plans in preparation for COP27. Charting a new roadmap for the financial year 2022-23 to gear up its continued focus for climate action, EKI unveiled a new brand identity and new brand postioning of ‘Steering the planet to net-zero’. The company also announced its commitment to become net-zero by 2030 in addition to defining a target to mobilize upto 1 billion credits within the next 5 years (by 2027).
India, April 25, 2022: EKI Energy Services Ltd (EKIESL), a leading developer and supplier of carbon credits across the globe, today, announced a host of strategic plans in preparation for COP27.Charting a new roadmap for the financial year 2022-23 to gear up its continued focus for climate action, EKI unveiled a new brand identity and new brand postioning of ‘Steering the planet to net-zero’. The company also announced its commitment to become net-zero by 2030 in addition to defining a target to mobilize upto 1 billion credits within the next 5 years (by 2027).
The company embarked on the enhanced journey today with an aim to ensure that as businesses globally plan their roadmap for FY 22-23, they will take inpsiration from EKI and include definite climate goals and targets for emission reductions and net-zero.
The new identity highlights that brand EKI is gearing up to take the role of being major contributors of climate action as it navigates the world to a greener tomorrow. The new logo reflects this vision by combining green and blue colors of the planet with a leaf at its heart to symbolize its efforts for the restoration of nature across the globe. The zero that is made by the globe and leaf together symbolizes zero for net-zero.
EKI is a carbon neutral company that has been inspiring thousands of businesses across the globe to reduce/offset their emissions through a host of sustainable solutions. With its net-zero commitment, the company will take climate action in India to newer heights by enabling the country to fast-track its stride to its net-zero commitment by the year 2070.
The company’s definitive target to contribute 1 billion credits by 2027 will play a significant role to meet the world’s requirement of 58 billion credits per year to enable temperature capping, which is an urgent and critical measure to save the planet.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “With a deep passion for climate change, we have driven targeted efforts in the last 6 months since COP26. As we plan for this financial year and gear up for COP27 which is about 6 months from now, we want to accelerate climate action to full throttle and step up our strategic efforts manifold. Our renewed commitments will enable us to take greater charge of steering the planet to net-zero even as we create history by becoming a service provider who leads by example to inspire million others in this quest ”.
The brand also unveiled a renewed structure for its service offerings in line with the markey dynamics and unique requirements for urgent climate action. The new business verticals of the company are – (i)Carbon Credit Portfolio Management which includes – Climate Change, Environmental Attributes Certificates and Plastic Solutions; (ii)Environmental Commodity Supply; (iii) Carbon Project investments which includes – Water Filter Projects, LED Projects, Improved Cookstove Projects and NBS Projects; and finally (iv) Net Zero Services & ESG.
In the past 6 months, EKI announced a host of strategic steps with a special focus on contributing to world climate goals and net-zero targets agreed at COP26. The company joined hands with Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc to launch a subsidiary – Amrut Nature Solutions Pvt Ltd., to drive focused efforts to reduce carbon emissions through Nature based Solutions.The company also launched a sustainability arm with increased focus on uniquely customized climate action plans for companies to help them reduce/offset their carbon emission significantly.
EKI also enhanced its community development project – green cooking initiative and established an associate to strengthen the backward integration of carbon credit supply chain through an end-to-end management of the project. EKI recently also commenced manufacturing the improved cook stoves which have a capability to prevent up to 4000kg of CO2 emissions per year and enable 45-55% reduction in the consumption of firewood as fuel. In addition to these, EKI established offices in Dubai and Switzerland with an aim to strenghten its global presence and leadership for climate action. For more details, log on to www.enkingint.org
Some information on COP27
The 27th session of the Conference of the Parties (COP 27) to the UNFCCC is scheduled to take place 7th – 18th November 2022. Egypt will be the host country thic country and is planning the meet in Sharm El-Sheikh. Egypt plans to make the conference “a radical turning point in international climate efforts in coordination with all parties, for the benefit of Africa and the entire world”. For more, click
April 05, 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the globe, today announced that its associate – GHG Reduction Technologies Pvt. Ltd. that was established earlier this year has commenced operations of its Nashik plant for the manufacturing of improved cook stoves (ICS).
EKI Energy Services Ltd.’s (EKIESL) associate – GHG Reduction Technologies Pvt. Ltd. inaugurates its Nashik plant, commences manufacturing of its Improved Cook stoves (ICS)
April 05, 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the globe, today announced that its associate – GHG Reduction Technologies Pvt. Ltd. that was established earlier this year has commenced operations of its Nashik plant for the manufacturing of improved cook stoves (ICS).
Branded ‘Agneeka’, the improved cook stoves will enable rural households across the globe to switch to an efficient cooking solution. The cook stoves will be manufactured and deployed in a phased manner starting with villages in India. The company will soon commence the export of the cook stoves to remote locations in other countries for homes that are still dependent on traditional mud/three stone fire stoves.
The plant has a capacity to manufacture up to 3 million cook stoves per year and the company aims to double this by the end of the current financial year. The plant will also offer employment opportunities to 500+ people, 150 of which will be directly employed at the state-of-the-art plant build over 9000 square feet.
Mr. Pankaj Pandey, Head – Community based Projects, EKI Energy Services Ltd. (EKIESL) said, “Community upliftment is a core focus area for us at team EKIESL. In line with this, we are excited to start manufacturing our cook stoves – Agneeka and empower homes in rural villages across the globe with a healthier and safer cooking alternative that is also eco friendly given its energy efficiency. We are happy that with this we will also offer numerous employment opportunities enabling more people to improve their lives. We promise to continue this vigour to work on projects that enable and empower communities as we help build a sustainable and greener planet”.
GHG Reductions Technologies Pvt. Ltd. was established by EKIESL earlier this year as an associate for strengthening backward integration of carbon credit supply through its green initiatives. Each improved cook stove of EKIESL helps prevent up to 4000kg of CO2 emissions per year. The cookstove is about 30% more efficient than traditional mud/three stone fire cook stoves enabling a 45-55% reduction in the consumption of firewood as fuel.
EKIESL’s Green Cooking initiative is a sustainable community development programme that was launched in 2018. The project also aligns with the Sustainable Development Goals (SDGs) of the UN with its added benefits of reduction of deforestation, reduction of environmental pollution, biodiversity conservation, health benefits to villagers and generation of employment.
Since its inception in 2008, EKIESL has been working towards building a sustainable planet and offers comprehensive bouquet of end-to-end solutions for climate action, enabling companies to achieve their climate goals. For more details on EKIESL’s sustainable climate solutions, click here – https://enkingint.org
Indore: 24th March: EKI Energy Services Ltd (EKI) and Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc have joined hands to develop Nature-based Solutions (NBS) in India. As a part of their Joint Venture, a company is incorporated with the name Amrut Nature Solutions Pvt Ltd having its registered office in Indore, M.P.
EKI Energy Services Limited and Shell Overseas Investments B.V. float a Joint Venture Company for Nature-based Solutions (NBS) in India
Indore: 24th March: EKI Energy Services Ltd (EKI) and Shell Overseas Investments B.V. (The Netherlands), a unit of Shell plc have joined hands to develop Nature-based Solutions (NBS) in India. As a part of their Joint Venture, a company is incorporated with the name Amrut Nature Solutions Pvt Ltd having its registered office in Indore, M.P.
Amrut is a Sanskrit word that means immortality. With the same goal i.e. to ensure environmental sustainability, Amrut Nature Solutions Pvt Ltd will work towards conservation, restoration, and enhancement of natural ecosystems such as agriculture, forests, wetlands, grasslands, and blue carbon to reduce greenhouse gas emissions while benefitting people and nature.
The Joint Venture will provide consultancy/advisory services to develop NBS projects such as Forests, Sustainable Agriculture, Mangroves amongst others, to generate carbon credits for international voluntary or compliance carbon markets. The JV would follow high-quality standards and prominent GHG mechanisms to quantify and certify the impact they create with its project activities. The projects will not only mitigate greenhouse gases but will also address the societal challenges effectively and simultaneously provide well-being and biodiversity benefits.
Manish Dabkara, CMD & CEO, EKI Energy Services Ltd said, “We, at EKI are glad about our collaboration with Shell as we passionately work towards contributing to India’s climate ambition and building a sustainable future. Through the Joint Venture, we seek to speed India’s net-zero transition and development of a climate resilient economy by enhancing the adoption and execution of Nature-based Solutions while reducing the overall concentration of greenhouse gas in the atmosphere.”
“Shell has been increasingly working with nature to help reduce the overall concentration of greenhouse gases in the atmosphere globally. Through this joint venture – Amrut Nature Solutions and the credible partnership with EKIESL, we look forward to accelerating in the space of Nature-based Solutions in the country. This is yet another step forward in our target towards being a net-zero emissions energvy business by 2050, or sooner in step with society”, said Kazeem Khan, Shell General Manager of Nature-based Solutions.
India, February 10, 2022: EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credits in the World, today announced that it has established a stronger presence in Europe with an office in St. Gallen, Switzerland.
EKI Energy Services Ltd. establishes a stronger presence in Europe with an office in Switzerland
The Switzerland branch will enable the company to strengthen its business operations in all of Europe
India, February 10, 2022: EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credits in the World, today announced that it has established a stronger presence in Europe with an office in St. Gallen, Switzerland.
With this, the company will expand its footprint and business operations across all of Europe servicing clients in the region with a comprehensive bouquet of best–in-class climate solutions. The company will now deliver services in both the compliance and voluntary carbon markets across Europe.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. (EKIESL) said, “Continuing our aggressive global expansion plans, we are delighted to establish our presence in the mesmerizing alpines of Switzerland. We are excited to join hands with companies here and empower their climate journey. The new office will also help us to set foot into newer markets in Europe and further enhance our leadership in the global carbon markets”.
EKIESL has a wide global presence with offices worldwide including countries like Dubai, Turkey, South Africa amongst others. The company services 2500+ clients across 40+ countries with its turnkey solutions for carbon asset management enabling organizations worldwide to reduce or offset their carbon footprint. For more details on EKIESL, visit https://enkingint.org
India, February 9, 2022: EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credit in the World today announced the appointment of Mr. Pankaj Pandey as the Head of its Community based Projects.
EKI Energy Services Ltd. appoints Pankaj Pandey as Head of Community based Projects
India, February 9, 2022: EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credit in the World today announced the appointment of Mr. Pankaj Pandey as the Head of its Community based Projects.
His appointment is part of the company’s strategic plan to increase its focus on community upliftment projects that empower the society at large with an enhanced quality of life. In this role, Mr. Pandey will lead the company to newer heights in its plans to expand the reach of its community development initiatives like green cooking and other environment & community friendly projects.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. (EKIESL) said, “I am truly happy to welcome Pankaj to the EKIESL family as we continue to expand our leadership team with industry best climate experts. With Pankaj onboard, we will be able to fast-track our community development plans to ensure an inclusive growth for everyone as an important aspect of building a sustainable tomorrow. I wish Pankaj the very best for his journey with us”.
Mr. Pankaj Pandey, Head – Community based Projects, EKI Energy Services Ltd. (EKIESL) said, “I am delighted to join this team of passionate climate enthusiasts and positively contribute to climate action. The work that the company is doing for community upliftment is really commendable and I am all geared up to innovate more such projects that offer multiple social and economic benefits and offer sustainable community development ”.
Pankaj Pandey comes with about 15 years of experience and specializes in the implementation of robust sales strategies, effective pricing and excellent client relationship management that can enhance a company’s reach and market share. He has joined EKIESL from CG Power & Industrial Solutions Ltd. (erstwhile Crompton Greaves).
Introduced in 2018, EKIESL’s Green Cooking initiative is a sustainable community development programme that provides efficient cook stoves free of cost to economically weaker families in remote locations across the globe. EKEISL recently announced the incorporation of a new associate – GHG Reduction Technologies Pvt. Ltd. for the backward integration of carbon credit supply through thisinitiative, further enhancing the company’s leadership in the global carbon markets as a brand that offers end-to-end management of carbon credit generation and supply.
Since its inception in 2008, EKIESL has been working towards building a sustainable planet and offers comprehensive bouquet of end-to-end solutions for climate actions, enabling companies to achieve their climate goals. For more details on EKIESL’s sustainable solutions, click here – https://enkingint.org
India, February 3, 2022: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the World, today announced the launch of a new arm for its Sustainability Services.
EKI Energy Services Ltd. (EKIESL) launches new arm for
Sustainability Services
· Revamps its team for the business arm as part of a strategic step to enhance its service offerings
· With a comprehensive bouquet of services that can be customized for every client, the new business arm will offer end-to-end climate solutions
India, February 3, 2022: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the World, today announced the launch of a new arm for its Sustainability Services.
Established after a detailed research on the unique climate compliance requirements of companies today, the new business arm will offer an exhaustive bouquet of strategic solutions such as ESG frameworks, Green Ratings & Credentials and Climate Advisory amongst others, that will enable companies to fast-track their climate goals. The new Sustainability Service arm will offer specialized and customized solutions to companies across all business sectors including start-ups, corporates, Govt. bodies and business conglomerates amongst others across the globe.
The company has also established a new team who will together enhance the service delivery of the sustainable solutions to clients with an aim to drive client satisfaction like never before. EKIESL’s recently appointed Head of Business Development – Mr. Navin Mathur will be leading the new arm with his deep sector knowledge and vast experience.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “Today, even though every activity that an organization undertakes leaves a carbon footprint, climate compliance continues to be a largely voluntary practice by companies. Most organizations are therefore not able to even gauge the adverse effect of their business activities on climate. As climate evangelists, we strongly recommend that it is time every company understood their climate obligations. We have set up this new business arm with this strategic thought process and we aim to first educate companies on the importance on being climate conscious and then onboard them to adopt sustainable practices. With our sustainability services arm, we plan to enable as many companies as possible to become climate action heroes.”
As part of its revamped offerings, the new business arm will design customized strategic roadmaps with definitive goals and also enable companies to align their ESG and climate goals to global standards and policy guidelines. With EKIESL’s customized reporting and tracking, companies will now be able to measure their real-time progress.
EKIESL’s sustainability service offerings include – ESG disclosures & reporting that can help companies to fast-track their climate goals and achieve higher ESG scores; Green Ratings, credentials and certifications from National and global institutions; Climate change mitigation and Environmental Sustainability Services; GHG Management Systems & Framework and Customized Training Programs and Webinars on all compliance requirements for climate actions.
For more details on EKIESL’s sustainable solutions, click here – https://enkingint.org
India, January 27, 2022: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the World, today announced that it has won a tender from Indore Smart City Development Limited (ISCDL), a “Special Purpose Vehicle” (SPV) formed under the Smart City Mission of the Govt. of India.
EKI Energy Services Ltd. bags contract as carbon credit service provider from Indore Smart City Development Ltd. (ISCDL) for the latter’s aggregator business model
India, January 27, 2022: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits in the World, today announced that it has won a tender from Indore Smart City Development Limited (ISCDL), a “Special Purpose Vehicle” (SPV) formed under the Smart City Mission of the Govt. of India.
As part of the contract, EKIESL will offer a comprehensive bouquet of end-to-end consulting services for carbon credit solutions to ISCDL. With this, EKIESL will enable ISCDL to elevate its aggregator business model through which it offers sustainable solutions to urban and rural governance bodies enabling other smart cities to become climate compliant.
With the help of EKIESL, Indore Smart City Development Ltd. will also be able to monetize emission reductions and realize additional revenue which it can use to support and fund its multiple welfare and developmental initiatives. Consequently, local bodies of other cities who join hands with ISCDL will also be able to monetize their climate initiatives.
EKIESL will offer its sustainable and profitable solutions for greenhouse gas (GHG) mitigation including – validation and registration of projects eligible for carbon credits, verification of the projects in compliance with the guidelines followed by International Carbon Credit Mechanisms and finally monetization of the carbon credits.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “This second contract that we have won from ISDCL is a testament for our commendable trajectory of consistently delivering state-of-the-art climate solutions. We are really excited and would like to thank the Govt. for trusting us yet again as their preferred partner. This win has enhanced our leadership as a climate change expert both Nationally as well as globally. All of us at team EKIESL are geared up continue offering our strategic solutions for mitigation and emission reduction”.
Mr Sunil Dubey, Executive Engineer, Indore Smart City Development Ltd.(ISCDL) said “We have a strong ongoing relationship with EKI Energy Services Ltd. since the last three years. Their strong performance and phenomenal service offerings have enabled us to fast-track our green initiatives and also monetize them for additional funds to support other projects. We are happy to extend our partnership with EKIESL as our climate finance enablers and together work towards the common goal of making the environment safer”.
EKIESL offers ISCDL an extensive bouquet of strategic technologies and solutions for monetization of its numerous green initiatives including – Compost formation, Biomethanation, Energy Efficient Lighting, Sewage Treatment Plant, Retrofitting fossil fuel driven Buses to run on CNG, Electric Vehicles and Charging Stations, Forestation activities, Bio-remediation of legacy waste, decentralized composting initiatives etc. EKIESL can easily replicate these technology interventions for other municipal corporations and companies enabling them to reduce their carbon footprint and also generate an additional revenue source.
Under its ongoing contract, EKIESL enabled ISCDL to realize additional revenues of up to Rs. 8.34 crores in the current financial year. EKIESL also enabled ISCDL to become the only Municipal Corporation in India and Asia to generate carbon finance through its sustainable initiatives. EKIESL’s advisory services for climate solution adoptions also significantly contributed in ISCDL’s initiatives to establish the city as India’s cleanest city for the fifth year in a row under the rankings by Swachh Survekshan 2021.
The company has also helped ISCDL to register its project under VCS (Verified Carbon Standard, USA) making it the first Asian Municipal body to have its sustainable projects registered under VCS.
With an aim to build a sustainable planet, EKIESL offers a comprehensive bouquet of end-to-end solutions for climate actions, enabling companies to achieve their climate goals. The company recently expanded its global footprint with an establishment in Dubai. EKIESL recently also entered into a partnership with Shell Overseas Investments B.V. (a unit of Royal Dutch Shell plc) to launch a joint venture to work on reducing carbon emissions in India through Nature based solutions.
The company recently also announced the incorporation of a new associate – GHG Reduction Technologies Pvt. Limited. for the backward integration of carbon credit supply through its Green Cooking initiative. The new company will oversee the end-to-end management of carbon credit supply chain in a phased manner.
January 7 , 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits (environmental commodity) in the World, today announced the incorporation of a new associate –GHG Mitigation Technologies Pvt. Ltd. The new company will oversee end-to-end management of the carbon offset supply chain in a phased manner.
EKI Energy Services Ltd.(EKIESL) incorporates new venture –GHG Mitigation Technologies Pvt. Ltd., for the backward integration of carbon credit supply through its Green Cooking initiative
January 7 , 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits (environmental commodity) in the World, today announced the incorporation of a new associate –GHG Mitigation Technologies Pvt. Ltd. The new company will oversee end-to-end management of the carbon offset supply chain in a phased manner.
GHG Mitigation Technologies Pvt. Ltd. will manage the backward integration of carbon credit supply chain through EKIESL’s community development project – Green Cooking initiative that replaces traditional inefficient mud stoves with improved cook stoves across rural households globally. In the first phase, it will manage the manufacturing and distribution of improved cook stoves. Over the subsequent phases, the associate will oversee & manage the generation and supply of carbon credits to companies across the world in close consultation with EKIESL.
This will enable EKIESL to achieve newer heights as a leader in the carbon markets which offers a diversified and comprehensive bouquet of end-to-end solutions for climate action and carbon offset.
Mr. Manish Dabkara, CMD & CEO, EKI Energy Services Ltd. said, “As a brand, we are consistently innovating to develop sustainable solutions to mitigate carbon emissions on the planet. The new company is a strategic step in this direction that will enable us to holistically manage the backward integration of carbon credits. We plan to first generate credits through the cook stoves and then supply it to companies globally to achieve their climate ambitions. With the strategic management of the carbon credit supply chain, we will now be able to further enhance our leadership position in the global carbon markets”.
The new group company will be co-owned by EKIESL with a 49.5% stake and remaining held by corporate/individual investors. It will beregistered with Indore (MP ROC) and will have its manufacturing unit in Nashik, Maharashtra.
Introduced in 2018, EKIESL’s Green Cooking initiative is a sustainable community development program that provides efficient cook stoves free of cost to economically weaker families in remote locations across the globe. Efficient cook stoves are not only environmentally safer given itsreduced emission of greenhouse gases, but they also offer numerous social and economic benefits that align with multiple UN Sustainable Development Goals (SDGs) including – climate action, reduction in firewood consumption, forest and biodiversity conservation, good health & well being, employment creation, savings in health cost, enhancement of indoor air quality inside homes amongst others.
EKIESL has given out over 80,000 cook stoves as on date and plans to scale the initiative to 2.5 million cook stoves in the next six months which can help offset millions of metric tons of carbon footprint.
Since its inception in 2008, EKIESL has been working towards building a sustainable planet and offers comprehensive bouquet of end-to-end solutions for climate actions,enabling companies to achieve their climate goals. The company recently joined hands with Shell Overseas Investments BV (a unit of Royal Dutch Shell plc) to launch a joint venture to work on reducing carbon emissions in India through Nature based solutions.
EKI Energy Services Ltd and Shell Overseas Investments BV, a unit of Royal Dutch Shell plc, on Friday signed an agreement to set up a joint venture to work on nature-based solutions in India.
World’s premier carbon credit developer and supplier, EKI Energy Services Limited has announced that it has established its presence in Dubai, the business hub of Western Asia. Expanding its footprint in the global carbon market, EKI has incorporated a wholly owned subsidiary company named – “EnKing International FZCO (“The Company”)” in Dubai free zone (IFAZA).
Mr. Manish Dabkara (CMD & CEO at #EnKingInternational) shared views on #COP26 & #NetZero pledge at @Newsx in a panel discussion with Mr. Deepak Vohra – Ambassador, Mr. Madhav Nalapat & Ms. Shubhra Mohanka
Fires, floods, and earthquakes continue to ravage the world, and climate watchers cry hoarse, urging us to heed the nature around us. But the Indian Prime Minister Narendra Modi has proudly announced that India is on track to meeting its promise to stick to the Paris Agreement. He has said that the country will achieve its climate goals well before 2030. This means that India should completely switch over to renewable energy, energy efficiency, generating energy from waste, in the next…. Read More
EKI Energy Services Limited (EKI Energy) on Friday reported a four-fold jump in its net profit at Rs 18.70 crore during 2020-21, mainly on the back of higher revenues. EKI Energy, had reported a net profit of Rs 4.51 crore during 2019-20, a company statement said. Amid the ever increasing global awareness of the impact of carbon emissions coupled with initiatives to reduce all greenhouse gas emissions, the company reported robust…Read more
Kaustubh Kulkarni, General Manager, EnKing International received the award and expressed his gratitude for the award. “We will surely work harder to achieve better. Right now, we cover 90 per cent of the Indian carbon Market and 30 per cent of Global Carbon Renewable energy Carbon Markets. We understand that most of the carbon credit has been generated from renewable energy. Apart from this, they are also ..Read more
Indore-based Enking International may become the world’s first company that operates in the carbon markets space to go in for an initial public offering (IPO). Managing Director and CEO, Manish Dabkara, told Business Line today that it would file for the IPO in a few days…Read more
Indore-based Enking International may become the world’s first company that operates in the carbon markets space to go in for an initial public offering (IPO). Managing Director and CEO, Manish Dabkara, told Business Line today that it would file for the IPO in a few days…Read more
INDORE, India, Nov. 4, 2020 /PRNewswire/ — With changing times, the market trends of all sectors are changing. Recent surveys reveal a new shift of market trends towards energy efficiency and it has became a new normal with thrust provided by the government awareness programmes, schemes and rating mechanisms. One such rating is ESCO (Energy Services Company) rating provided by Bureau of Energy Efficiency, Ministry of Power, Government of India…Read more
INDORE, India, March 21, 2020 /PRNewswire/ — EnKing International is one of the 15 winners in the auction who paid $0.30 for the right to sell a carbon credit to the PAF at a good price. The World Bank Group auctioned $8.25 million of climate funds on March 3rd, 2020, and this could lead to a reduction of the equivalent of 4.2 million tons of carbon dioxide emissions by the end of 2020. Twenty-one companies took part in a pilot online auction for the right to sell carbon credits….Read more
INDORE, India, Dec. 6, 2019 /PRNewswire/ — EKI Energy Services Limited, which was awarded the tender for sustainable city projects in the Smart City Indore initiative, has proven itself as a promising service provider with its experience and expertise. Smart City Indore is an initiative launched by Indore Municipal Corporation, which includes the participation of residents to qualify Indore to the Smart City Mission, launched by the Government of India….Read more
Indore, Madhya Pradesh, India:
CDP runs the global environmental disclosure system, each year it supports thousands of companies, cities, states and regions to measure and manage their risks and opportunities on climate change, deforestation and water security. CDP provides a platform to above-mentioned entities to disclose their project details and associated climate risks….Read more
EKI Energy Services announced that its subsidiary, GHG Reduction Technologies has completed the capacity expansion at its manufacturing plant, located in Nashik, Maharashtra.
The Lok Sabha passed the Energy Conservation (Amendment) Bill, 2022, last Monday, clearing the way for establishing carbon credit markets. As per a report in Bloomberg, Prime Minister Narendra Modi may launch a national carbon trading platform on August 15.
India’s Energy Conservation (Amendment) Bill, 2022, passed by Lok Sabha on August 10, proposes boosting the use of non-fossil fuel energy – including green hydrogen and green ammonia – to reduce imports of fuels needed to power the country.
In the last decade, the world has greatly evolved to see climate action as a dire step to restore and rehabilitate the planet. The objective is clearly protection over profit and in this quest mankind has come together like never before with a common goal of net-zero.
Read More
India’s Energy Conservation (Amendment) Bill 2022, passed by the Lok Sabha (Lower House of Indian Parliament) on August 10, proposes boosting the use of non-fossil fuel energy – including green hydrogen and green ammonia – to reduce imports of fuels needed to power the country. The legislation is set to replace the principal act, Energy Conservation Act which was passed by the Indian Parliament in 2001 and had paved……..
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The recently amended Energy Conservation Act has introduced the setting up of India’s own and first-ever carbon credit market. This has enthused several carbon-intensive industries – steel, cement, and manufacturing – into trying to meet their sustainability targets, and existing players in the carbon-offsetting space.
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In the last decade, the world has greatly evolved to see climate action as a dire step to restore and rehabilitate the planet. The objective is clearly protection over profit and in this quest mankind has come together like never before with a common goal of net-zero.
Read More
Recently, Energy Minister RK Singh during the discussion in the Lok Sabha on the proposed amendments to the Energy Conservation Act stated that India will ban the export of carbon credits to international markets until the country’s commitment of reduction of 45 per cent emission intensity of GDP is met
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The Lok Sabha passed the Energy Conservation (Amendment) Bill, 2022, last Monday, clearing the way for establishing carbon credit markets. As per a report in Bloomberg, Prime Minister Narendra Modi may launch a national carbon trading platform on August 15.
Read More
Startups such as Climes, Lowsoot, and WOCE have recently surfaced to help companies and individuals go carbon neutral, a market at the cusp of explosive growth in India.
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Blockchain is an emerging technology that has been increasingly gaining popularity over the last few years with businesses across a multitude of industries embracing it. Blockchain essentially is a digital decentralized database that enables a seamless flow of data in a secure manner.
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India’s commitment of net-zero emissions by 2070 at the COP26 has set in a sudden urgency for climate action with its ripples being felt in every corner of the world as many more countries also pledged their net zero targets. The historical Union Budget this year with it’s strong focus on climate action,
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Today, 3 billion people globally continue to still use polluting biomass fuels for their everyday cooking. People use inefficient traditional mud or three stone fire cook stoves, which consume a lot of polluting biomass fuels resulting occupational lung diseases and even deaths. There are over 4 million deaths per year from lung diseases due to smoke emissions, 12 per cent of these are infants.
EKI Energy Service on Tuesday posted a multi-fold jump in standalone net profit at Rs 383.36 crore in 2021-22 financial year, mainly on the back of higher revenues. The standalone net profit of the company was at Rs 18.69 crore in the fiscal ended March 2021.
The 26th edition of the Conference of Parties (COP26) witnessed as many as 200 world leaders come together in Glasgow, Scotland to discuss measures to tackle climate change.
India presented its Panchamrits (five elements) as its promises to contribute to climate action:
It was the kind of initial public offering of shares one would hardly pay any attention to. An IPO by a company with Rs 66 crore revenue, looking to raise a mere Rs 18 crore and list on BSE’s small and medium enterprise platform. Besides, the issue was being lead-managed by an obscure investment banker. Read more
India’s net-zero commitment can create over 50 million new jobs in the climate sector; environment and climate sciences should be added to school curriculum and children should be introduced to climate crisis early on. Read More
EKI Energy Services Limited (EKIESL), a leading developer and supplier of carbon credit said it has appointed Pankaj Pandey as the Head of its Community based Projects. Read More
The Union Budget 2022-23 pushed energy transition by encouraging domestic production of solar power equipment and batteries, in line with India’s commitments on climate change actions. Read more
Carbon credit developer and supplier EKI Energy Services Ltd (EKIESL) on Thursday announced the launch of its new arm for sustainability services. The new business arm will offer an exhaustive bouquet of strategic solutions such as ESG frameworks, Green Ratings & Credentials, and Climate Advisory amongst others, that will enable companies to fast-track their climate goals, according to a company statement. Read more
With a 26% share of the global voluntary carbon offset market, EnKing sets Dubai office
India-based climate and sustainable advisory firm EnKing International has charted an aggressive expansion plan for the global carbon offsets market and expects the Middle East to account for 10-15 percent of the company’s forecasted 30 billion Indian rupees ($401 million) revenue next year, the company’s top official told Zawya Projects. Read more
Finance Minister Nirmala Sitharman said that PM Gati Shakti Master Plan for expressways will be formulated in 2022-23.
New Delhi: During the Budget 2022 presentation on Tuesday (February 2), Union Finance Minister Nirmala Sitharman said that PM Gati Shakti Master Plan for expressways will be formulated in 2022-23. Read more
January 7 , 2022, India: EKI Energy Services Ltd. (EKIESL), a leading developer and supplier of carbon credits (environmental commodity) in the World, today announced the incorporation of a new associate –GHG Mitigation Technologies Pvt. Ltd. The new company will oversee end-to-end management of the carbon offset supply chain in a phased manner.
EKI Energy Services Ltd and Shell Overseas Investments BV, a unit of Royal Dutch Shell plc, on Friday signed an agreement to set up a joint venture to work on nature-based solutions in India.
World’s premier carbon credit developer and supplier, EKI Energy Services Limited has announced that it has established its presence in Dubai, the business hub of Western Asia. Expanding its footprint in the global carbon market, EKI has incorporated a wholly owned subsidiary company named – “EnKing International FZCO (“The Company”)” in Dubai free zone (IFAZA).
Green consultancy firm EKI Energy on Wednesday said it plans to expand its footprints in the carbon credit market of more countries from over 18 nations at present, by March next year…
Sales rise 847.75% to Rs 193.34 crore. Net profit of EKI Energy Services rose 2527.94% to Rs 35.74 crore in the quarter ended June 2021 as against Rs 1.36 crore during the previous quarter ended June 2020. Sales rose 847.75% to Rs 193.34 crore in the quarter ended June 2021 as against Rs 20.40…
Mr. Manish Dabkara (CMD & CEO at #EnKingInternational) shared views on #COP26 & #NetZero pledge at @Newsx in a panel discussion with Mr. Deepak Vohra – Ambassador, Mr. Madhav Nalapat & Ms. Shubhra Mohanka
Fires, floods, and earthquakes continue to ravage the world, and climate watchers cry hoarse, urging us to heed the nature around us. But the Indian Prime Minister Narendra Modi has proudly announced that India is on track to meeting its promise to stick to the Paris Agreement. He has said that the country will achieve its climate goals well before 2030. This means that India should completely switch over to renewable energy, energy efficiency, generating energy from waste, in the next…. Read More
EKI Energy Services Limited (EKI Energy) on Friday reported a four-fold jump in its net profit at Rs 18.70 crore during 2020-21, mainly on the back of higher revenues. EKI Energy, had reported a net profit of Rs 4.51 crore during 2019-20, a company statement said. Amid the ever increasing global awareness of the impact of carbon emissions coupled with initiatives to reduce all greenhouse gas emissions, the company reported robust…Read more
Kaustubh Kulkarni, General Manager, EnKing International received the award and expressed his gratitude for the award. “We will surely work harder to achieve better. Right now, we cover 90 per cent of the Indian carbon Market and 30 per cent of Global Carbon Renewable energy Carbon Markets. We understand that most of the carbon credit has been generated from renewable energy. Apart from this, they are also ..Read more
Indore-based Enking International may become the world’s first company that operates in the carbon markets space to go in for an initial public offering (IPO). Managing Director and CEO, Manish Dabkara, told Business Line today that it would file for the IPO in a few days…Read more
Indore-based Enking International may become the world’s first company that operates in the carbon markets space to go in for an initial public offering (IPO). Managing Director and CEO, Manish Dabkara, told Business Line today that it would file for the IPO in a few days…Read more
INDORE, India, Nov. 4, 2020 /PRNewswire/ — With changing times, the market trends of all sectors are changing. Recent surveys reveal a new shift of market trends towards energy efficiency and it has became a new normal with thrust provided by the government awareness programmes, schemes and rating mechanisms. One such rating is ESCO (Energy Services Company) rating provided by Bureau of Energy Efficiency, Ministry of Power, Government of India…Read more
INDORE, India, March 21, 2020 /PRNewswire/ — EnKing International is one of the 15 winners in the auction who paid $0.30 for the right to sell a carbon credit to the PAF at a good price. The World Bank Group auctioned $8.25 million of climate funds on March 3rd, 2020, and this could lead to a reduction of the equivalent of 4.2 million tons of carbon dioxide emissions by the end of 2020. Twenty-one companies took part in a pilot online auction for the right to sell carbon credits….Read more
INDORE, India, Dec. 6, 2019 /PRNewswire/ — EKI Energy Services Limited, which was awarded the tender for sustainable city projects in the Smart City Indore initiative, has proven itself as a promising service provider with its experience and expertise. Smart City Indore is an initiative launched by Indore Municipal Corporation, which includes the participation of residents to qualify Indore to the Smart City Mission, launched by the Government of India….Read more
Indore, Madhya Pradesh, India:
CDP runs the global environmental disclosure system, each year it supports thousands of companies, cities, states and regions to measure and manage their risks and opportunities on climate change, deforestation and water security. CDP provides a platform to above-mentioned entities to disclose their project details and associated climate risks….Read more
Ms. Itisha Sahu
Company Secretary
Address: 903, B-1 9th Floor, NRK Business Park, Scheme No. 54, PU4, Indore 452010, Madhya Pradesh India
Mail: cs@enkingint.org
In case of non-redressal of the complaint to the investor’s satisfaction, within a reasonable time frame, the investor may approach-
Mr. Mohit Kumar Agarwal
Chief Financial Officer
Address: 903, B-1 9th Floor, NRK Business Park, Scheme No. 54, PU4, Indore 452010, Madhya Pradesh India
Email: cfo@enkingint.org
In case a complaint is still not redressed to the investor’s satisfaction, the investor may approach the Securities and Exchange Board of India and file their grievance through “SCORES”, the centralized online system for lodging and tracking complaints.
SCORES facility can be accessed through the weblink http://scores.gov.in
