In an exchange filing made during market hours today, the company said that it has collaborated with DNV Supply Chain & Product Assurance, a Norway-based independent assurance and risk management provider, to foster climate transition ecosystem with innovation and digitalisation by numerous measures agreed upon by both organizations as part of charter of collaboration.

Under the collaboration, EKI will extend advisory services to DNV's assurance customers on their journey towards carbon neutrality and net-zero in addition to GHG inventorization/ESG and sustainability assurance services.

The collaboration also seeks to bridge the gap between capital market sustainable finance and carbon finance by innovative debt financial instrument assurance with DNV's broad experience, deep expertise and global reach as the company is operating in over 100 countries.

Manish Dabkara, chairman & MD, EKI Energy Services, said, "Through this collaboration, we aim to expand our global reach and extend our services to a larger group of customers together with DNV to ‘steer the planet towards net-zero.' We look forward to facilitate our customers with innovative solutions and strengthen voluntary carbon market ecosystem."

EKI Energy Services is engaged in the business of climate change & sustainability advisory and carbon offsetting, along with business excellence services which includes ISO certification, management training on JIT / Kaizen etc., and electrical safety audits.

The company's net profit increased 17.7% to Rs 95.59 crore on 1.4% rise in net sales to Rs 449.48 crore in Q2 FY23 over Q2 FY22.