eki power providers: EKI Vitality Providers web revenue jumps to Rs 383 crore in FY22

EKI Vitality Service on Tuesday posted a multi-fold leap in standalone web revenue at Rs 383.36 crore in 2021-22 monetary yr, primarily on the again of upper revenues. The standalone web revenue of the corporate was at Rs 18.69 crore within the fiscal ended March 2021.

Within the final fiscal, complete standalone revenue rose to Rs 1,801.31 crore from Rs 191.01 crore within the year-ago interval.

The corporate reported a consolidated web revenue of Rs 383.17 crore for the interval underneath assessment however the comparative determine was not obtainable.

The board of administrators has authorized issuance of bonus shares in addition to migration of the corporate from the SME phase to principal board at BSE.

The issuance of bonus shares shall be within the ratio of three:1 (3 shares for each 1 share held within the firm).

The corporate will challenge 2,06,22,000 bonus shares for a complete quantity of Rs 20,62,20,000 (roughly). The bonus shares shall be credited or dispatched on or earlier than July 12, 2022.

The board additionally authorized rising the corporate’s authorised share capital to Rs 30 crore from Rs 8 crore.

Moreover, it has cleared extra subscription of shares of GHG Discount Applied sciences Personal Ltd (GRTPL).

The corporate holds 49.9 per cent stake in GRTPL. It could make investments extra 4,99,000 fairness shares in GRTPL, which is able to elevate its shareholding to 59.88 per cent.

“The corporate can be dedicated to change into net-zero by the yr 2030 and in addition outlined a goal to mobilise as much as 1 billion credit inside the subsequent 5 years (by 2027),” Manish Dabkara, CMD and CEO of

stated.

EKI Vitality Providers Ltd. is a

carbon credit score developer and provider throughout the globe.