Taylormade Renewables Ltd enters into framework agreement with internationally accredited aggregator

TAYLORMADE RENEWABLES LIMITED has entered into a Framework Agreement with an Internationally Accredited Aggregator for obtaining and transacting Carbon Credits & Water Credits for Zero Liquid Discharge systems installed by TRL, making TRL the leading company in India to get water credits for its water infrastructure projects.

The Framework Agreement is for obtaining Water Credits & Carbon Credits for the Zero Liquid Discharge (ZLD) systems installed by TRL through which there will be more efficient end use of treated water generated from the ZLD system. The Water Credits thus obtained can be transacted on Trade Exchanges dealing in Water Quality Credit Trading (WQCT).

Like Carbon Credits, Water Credits are market based instruments for encouraging saving of precious & scarce natural resource - WATER. The idea behind water credits is to have a tradeable certificate which notifies the quantity of water saved by an institution, organization or an individual which would help in maximum utilization of every available drop of water.

Obtaining and enabling Buying/ Selling of such Water Quality Credit Trading (WQCT), the industrial units installing ZLD to save fresh water will not only be encouraged but will also be compensated through revenue generated by sale of such water credits earned by the industrial unit and foster more Industries to become Waste Water Treatment Compliant By implementing such ZLD Systems, TRL will help industrial units, PSU's and state municipalities to achieve their Water Neutrality targets and thus contribute responsibly towards conservation of environment. This also makes TRL a holistic solution provider for all types of Waste Water Treatment Problems.

TRL is now working towards becoming an end to end solution provider in the field of WasteWater Treatment right from designing the plant up to providing Water credits for the Treated Water.

Shares of Taylormade Renewables Ltd was last trading in BSE at Rs. 776.20 as compared to the previous close of Rs. 739.25. The total number of shares traded during the day was 6000 in over 17 trades.

The stock hit an intraday high of Rs. 776.20 and intraday low of 776.20. The net turnover during the day was Rs. 4657200.00.

Source : Equity Bulls

Keywords

TaylormadeRenewables INE459Z01017 FrameworkAgreement