EKI Energy Services Ltd. Ventures into Bio Briquettes Manufacturing Through its Subsidiary GHG Reduction Technologies Pvt. Ltd.

GHG Reduction Technologies Pvt. Ltd., a subsidiary of EKI Energy Services Ltd., announced the inauguration of its state-of-the-art Biomass Briquettes (Biocoal) manufacturing plant in Dindori, Nashik, Maharashtra. The inauguration ceremony marked a significant milestone in GHG Reduction Technology's ongoing commitment towards clean energy transitions and mitigating global warming.

The new biomass briquettes plant represents EKI's mission to facilitate manufacture products that significantly reduce greenhouse gas emissions through its Nashik-based subsidiary. By introducing biomass briquettes as a cleaner and more sustainable alternative to traditional coal, the company aims to contribute to environmental conservation and promote eco-friendly energy solutions.

Biomass briquettes, made from agri-residue such as sugarcane trash, corn cob, soya husk, tamarind, and pomegranate waste, serve as a substitute for coal in boilers and furnaces. This not only minimizes reliance on conventional coal but also plays a crucial role in reducing biomass burning in farm fields, thereby abating local environmental pollution.

The inauguration ceremony was graced by the presence of esteemed dignitaries including Mr. Manish Dabkara, EKI's Chairman and Managing Director, Mr. Pankaj Pandey, Chief Operating Officer, and Mr. Samrat Sengupta, Vice President, Business Development, among others.

"We are proud to inaugurate our new Biomass Briquettes manufacturing plant in Dindori, Nashik, furthering our commitment to clean energy transitions and environmental sustainability. With a state-of-the-art facility and a dedicated team, we are poised to revolutionize the biofuel industry and contribute to a greener, more sustainable future for generations to come," said Manish Dabkara, Chairman and Managing Director, EKI Energy Services Ltd.

With an initial production capacity of 800 metric tonnes per month, expandable up to 1200 metric tonnes a month, the new briquettes plant is poised to revolutionize the biofuel industry. This bio briquettes plant is the first of many that GHG Reduction Technologies plans to establish in the future as part of its expansion strategy towards providing cleaner and more sustainable energy solutions.

With a vision to lead the transition towards greener and environmentally conscious energy sources, EKI aims to leverage its expertise and resources to drive innovation and sustainability in the bioenergy industry.

Shares of EKI Energy Services Ltd was last trading in BSE at Rs. 395.45 as compared to the previous close of Rs. 384.90. The total number of shares traded during the day was 104191 in over 2415 trades.

The stock hit an intraday high of Rs. 414.00 and intraday low of 380.20. The net turnover during the day was Rs. 41191060.00.

Source : Equity Bulls

Keywords

EKIEnergyServices INE0CPR01018 BIoBriquettesManufacturing GHGReductionTechnologies