iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

EKI Energy rises after listing Indias first plastic project with Verra

13 Sep 2022 , 12:08 PM

With this, the company has become the first ever to list a plastic project from the country with an aim to generate Indias first ever International plastic credits. The project ensures that plastic waste – predominantly polyethylene terephthalate (PET) waste, PET flakes and chips is duly sourced and recycled to produce recycled polyester staple fibre (RPSF) that can be further used in the textile industry for garments and other fabric based utility products. Manish Dabkara, CMD & CEO, EKI Energy Services (EKI), said, ?Today, majority of the plastic waste in the country end up either in landfills or is burnt, both of which leak toxic and poisonous chemicals into the environment, adversely affecting the climate. A structured plastic project enables this waste to be collected and recycled in a safe manner, enabling the waste to be transformed into safe to use fabric. As we are empowering such projects to get listed and consequently generate additional revenues, it will inspire many more projects in the country to scale their recycling activities in a structured manner for plastic credits finance that can facilitate and promote greater climate action. The plastic project has been listed under the Plastic Waste Reduction Standard of Verra – the Washington based accreditation that is a cornerstone standard globally for the implementation of various climate projects. EKI Energy Services is a carbon credit developer & supplier across the globe. EKI offers sustainable solutions for climate change and carbon offsets with global standards like CDM, VCS, Gold Standard, GCC, IREC, TIGR and others. The companys standalone net profit surged to Rs 106.98 crore in the quarter ended June 2022 as against Rs 35.70 crore during the previous quarter ended June 2021. Sales jumped 162.81% to Rs 508.11 crore in Q1 FY23 over Q1 FY22. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.