EKI Energy Services enters into Binding agreement for distribution of cook stove with Vitol Asia PTE Limited

EKI Energy Services Limited ("EKIESL") have executed binding agreement with Vitol Asia PTE Limited, Singapore for deployment of around six hundred thousand (6 Lacs in quantity) Improved Cook Stoves ("ICS") within financial year 2022-2023.

The project is expected to generate more than 11 million carbon offsets (environmental commodity) in next 5 years' time period.

This deployment is a part of EKIESL's mission towards community upliftment that aims to replace inefficient traditional cook stoves with ICS in rural / tribal area across the Country.

Shares of EKI Energy Services Ltd was last trading in BSE at Rs. 7965.50 as compared to the previous close of Rs. 7909.90. The total number of shares traded during the day was 6350 in over 118 trades.

The stock hit an intraday high of Rs. 8299.00 and intraday low of 7850.00. The net turnover during the day was Rs. 51159685.00.

Source : Equity Bulls

Keywords

EKIEnergyServices INE0CPR01018 BindingAgreement VitolAsia Singapore 600000Stoves FY2023