EKI Energy eyes turnover of Rs 1,000 cr in FY22
POWER & RENEWABLE ENERGY

EKI Energy eyes turnover of Rs 1,000 cr in FY22

EKI Energy Services is eyeing Rs 1,000 crore turnover in FY22 and anticipates sales to surge to 50% in 2022-23 in the backdrop of many nations opting for the net-zero emissions target.

EKI Energy, founded in 2011, is one of the prominent firms in the carbon credit industry in India, with an established global footprint. A carbon market refers to a system that enables investors and firms to trade both carbon credits and carbon offsets simultaneously. It assists to mitigate the environmental crisis, decreasing greenhouse gas emissions and additionally forming new market opportunities.

Managing Director and Chief Executive Officer at EKI Energy, Manish Dabkara, told the media that they are aiming for Rs 1,000 crore turnover in the current financial year (FY 2021-22). For the coming fiscal (FY 2022-23), they would be aiming for a 30-50% increase (in turnover) over the current fiscal.

He added that the first two quarters of the current financial year have been excellent for the company. The firm's revenue from operations in the initial six months of FY22 reached Rs 637.17 crore, a sharp jump from the full-year turnover of Rs 191 crore during 2020-21. Likewise, its net profit increased to Rs 116 crore in the first six months of the current fiscal, compared to a net profit of Rs 19 crore recorded for the complete 2020-21.

They are in the way of generating high growth sustainable numbers in the carbon credit industry, and their numbers in H1 (April-September 2021) is a reflection of the same. With more clarity coming in from COP 26 (Glasgow conference), they think the uptrend will remain in their business with incomes rising from both India as well as globally from their several international offices.

Most nations opting for the 'net zero' goal in the coming 20 to 30 years would create notable demand for the firm's products and services. Its strong global network would support the company to improve operations and create a rising sustainable business model.

Image Source

EKI Energy Services is eyeing Rs 1,000 crore turnover in FY22 and anticipates sales to surge to 50% in 2022-23 in the backdrop of many nations opting for the net-zero emissions target. EKI Energy, founded in 2011, is one of the prominent firms in the carbon credit industry in India, with an established global footprint. A carbon market refers to a system that enables investors and firms to trade both carbon credits and carbon offsets simultaneously. It assists to mitigate the environmental crisis, decreasing greenhouse gas emissions and additionally forming new market opportunities. Managing Director and Chief Executive Officer at EKI Energy, Manish Dabkara, told the media that they are aiming for Rs 1,000 crore turnover in the current financial year (FY 2021-22). For the coming fiscal (FY 2022-23), they would be aiming for a 30-50% increase (in turnover) over the current fiscal. He added that the first two quarters of the current financial year have been excellent for the company. The firm's revenue from operations in the initial six months of FY22 reached Rs 637.17 crore, a sharp jump from the full-year turnover of Rs 191 crore during 2020-21. Likewise, its net profit increased to Rs 116 crore in the first six months of the current fiscal, compared to a net profit of Rs 19 crore recorded for the complete 2020-21. They are in the way of generating high growth sustainable numbers in the carbon credit industry, and their numbers in H1 (April-September 2021) is a reflection of the same. With more clarity coming in from COP 26 (Glasgow conference), they think the uptrend will remain in their business with incomes rising from both India as well as globally from their several international offices. Most nations opting for the 'net zero' goal in the coming 20 to 30 years would create notable demand for the firm's products and services. Its strong global network would support the company to improve operations and create a rising sustainable business model. Image Source

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000