EKI Energy Services touches roof on executing JV agreement with Shell Overseas Investment

EKI Energy Services is currently trading at its upper circuit limit of Rs. 6095.30, up by 290.25 points or 5.00% from its previous closing of Rs. 5805.05 on the BSE.

The scrip opened at Rs. 6095.30 and has touched a high and low of Rs. 6095.30 and Rs. 6095.30 respectively. So far 16850 shares were traded on the counter.

The BSE group ‘M’ stock of face value Rs. 10 has touched a 52 week high of Rs. 6250.00 on 03-Dec-2021 and a 52 week low of Rs. 140.00 on 07-Apr-2021.

Last one week high and low of the scrip stood at Rs. 6095.30 and Rs. 5178.90 respectively. The current market cap of the company is Rs. 4189.91 crore.

The promoters holding in the company stood at 73.47%, while Institutions and Non-Institutions held 11.63% and 14.91% respectively.

EKI Energy Services has executed a Joint Venture (JV) Agreement with Shell Overseas Investment B.V., the Netherlands (Group of Royal Dutch Shell, Globally Fortune 5th rank group), on December 17, 2021.

The purpose of entering into the JV Agreement is for carrying on business of reduction of the impact of greenhouse gases and providing offsets to emissions through Nature Based Solutions in the areas of forestry, agriculture including agroforestry, horticulture, grasslands, wetlands, blue carbon, peatlands etc.

EKI Energy Services is a well-recognized brand in the realm of ‘climate change, carbon credit, and sustainability solutions’ across the globe.

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