EKI Energy Services' subsidiary completes capacity expansion

28 Sept 2022 , 09:20 AM

EKI Energy Services Ltd announced that its subsidiary company—GHG Reduction Technologies Pvt. Ltd., has completed the capacity expansion to achieve one of the highest production capacities across globe.

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.

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 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.

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.

At around 9:18 AM, ELI Energy Services was trading at Rs1434.75 per share lower by 0.26% on the BSE.

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