EKI Energy Services inks agreement for distribution of cook stove with Singapore-led Vitol Asia

19 Apr 2022 , 09:21 AM

EK] Energy Services Limited (“EKIESL”) announced that it has 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.

Further, in a regulatory filing the company said, “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.”

At around 9:21 AM, EKI Energy was trading at Rs8000 per piece higher by 0.04% on the BSE.