EKI Energy subsidiary completes capacity expansion to achieve one of worlds highest production capacities; set to meet analysts tomorrow

The stock has moved up by nearly 90 per cent on a YTD basis

EKI Energy Services Ltd is a leading carbon credit developer & supplier across the globe. The company has been passionately working towards rehabilitating the planet to a future of net-zero carbon emissions. With an aim to contribute to the development of a climate-resilient global economy, the company offers strategic solutions to businesses & organisations globally to achieve their climate ambition. As of today, the company is present in over 16 countries and has more than 3,000 clients across around 40 countries worldwide. As of date, EKI has supplied over 180 million offsets. 

In a recent development, the company 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 five 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 & gas players across the globe.  

On September 30, 2022, the company is planning to have a one-on-one meeting with investors/analysts like Arihant Capital, Money Bee, AV Fincorp, Oculus Capital Advisors, Electrum Portfolio Managers, and First Water Capital. Considering a key development in the stock with completed capacity expansions and the company meeting with investors/analysts, it would demand your attention!

The stock has moved up by nearly 90 per cent on a YTD basis; however, in the last one month, it has retreated by nearly 19.14 per cent.