In this report, CareEdge Ratings has analysed the imminent shift in the mode of freight movements from roadways to railways and the underlying factors facilitating the transition. A dedicated freight corridor will boost the modal shift from road to rail, the rating agency reported.

Mumbai (Maharashtra) [India], October 3 (ANI): The credit quality of India Inc continued to strengthen in the first half of the current financial year, carrying on with the momentum set in motion since the beginning of the financial year 2021-22, rating agency ICRA said on Monday.

New Delhi [India], September 23 (ANI/PNN): Cyber Media Research and Services Limited (CMRSL), engaged in ad tech and data analytics business, brings its IPO of 780,000 shares worth Rs 14.04 crores. The issue opens on September 27 and closes on September 29, 2022, and will subsequently be listed on NSE Emerge. At a face value of Rs 10, the price per share will be Rs 171 to Rs 180 per equity share and will be sold in lots of 800 shares. Out of 780,000 shares, 3,69,600 shares will be reserved for the QIB quota, 2,60,000 shares will be for the Retail quota,1,11,200 shares will be for the HNI quota and 39200 shares will be for the Market Maker Quota. The lead manager to the issue is Swastika Investmart Limited and the registrar of the issue is Link Intime India Private Limited.

Mumbai (Maharashtra) [India], April 11 (ANI/PR Newswire): In today's data-driven world, quarterly indicators like GDP are not enough, while traditional high-frequency indicators provide fragmentary signals for the state of the economy.

Indore Madhya Pradesh India NewsVoir Both Q2 and H1 FY2022 revenues exceeds revenues for full year FY2021 H1 FY2022 EBITDA of Rs 157 crores and PAT of Rs 117 crores EKI Energy Services Limited EKI Energy BSE 543284 one of the leading companies in the carbon credit industry in India announced its Q2 and H1 FY2022 results The Company continued its growth momentum and reported total revenues of Rs 637 crores in H1 FY2022 The strong business performance has been supported by higher demand and pricing of carbon credits increasing global awareness of GHG emissions and widening carbon credit demand-supply gap H1 FY2022 Performance Highlights Revenues from operations of Rs 637 crores Rs 191 crores for full year FY2021 EBITDA of Rs 157 crores margins expanded to 246 Rs 25 crores for full year FY2021 PAT of Rs 117 crores with margins of 184 Rs 19 crores for full year FY2021 Q2 FY2022 Performance Highlights Revenues from operations of Rs 443 crores EBITDA of Rs 109 crores margins 245 PAT of Rs 81 crores with margins of 183 Commenting on the business performance Chairman and Managing Director Mr Manish Dabkara EKI Energy has reported another outstanding quarter with a robust business performance This strong growth is supported by growing global carbon credit demand increasing net-zero commitments by various countries and voluntary emission reduction pledges by corporates During H1 FY22 our margins jumped to 246 as compared to 133 in FY21 supported by higher carbon pricing and effective cost control measures Considering the higher demand for carbon credits and a widening demand-supply gap in the global markets we had entered in a major deal to purchase carbon credits in H1 FY22 As part of our business strategy of continuous expansion across different geographies and industries we are also exploring new avenues of business EKI Energy is exploring attractive business opportunities arising from the proposed Carbon Offsetting and Reduction Scheme for International Aviation CORSIA The scheme is applicable from 2021 and voluntary for all countries until 2027 but many countries including the US and China have already implemented the scheme and other countries to follow in the near term The implementation of CORSIA will increase global carbon credit demand substantially and will increase the demand-supply gap further With improving market dynamics the current carbon offsetting demand is sustainable and expected to increase in future We are positively looking forward to the scheduled COP26 which is expected to bring more stringent guidelines to control emission and increase emission reduction targets The increasing awareness for reduction in global emissions and collective efforts of various regulatory bodies is expected to increase the pricing and scope of carbon pricing instruments over time Going forward with strong business fundamentals higher demand for carbon credits supported by evolving global carbon credit markets and economic recovery from the COVID-19 pandemic we are confident of continuing strong growth momentum and maximizing shareholder value About EKI Energy Founded in 2011 EKI Energy Services Limited EKI Energy is one of the leading company in the carbon credit industry in India with an established global footprint EKI Energy is a renowned brand in the realm of climate change carbon credits and sustainability solutions We provide all services in carbon asset management that includes carbon footprint management sustainability audits training for quality control and management carbon neutrality life-cycle analysis and end to end carbon offset project management We render strategic solutions to businesses and organizations globally to achieve their climate ambition Our objective is to assist businesses and organizations progress toward a net-zero carbon and climate resilient global economy We are in the business of protecting environment human life from the climate change crisis which is considered as a global threat to essential life ingredients - clean air safe drinking water nutritious food supply and safe shelter Climate Change Sustainability Advisory and Carbon Offsetting Service We offer climate sustainability advisory services that includes advisory in respect of climate change GHG policy low-carbon transformation strategy GHG emissions inventory registry appropriate mitigating actions as well as climate change action plan We also provide carbon offsetting service that involves the validation registration monitoring verification issuance and supply of eligible carbon credits Business Advisory and Other Services ISO Advisory We provide integrated solutions for ISO standards implementation Electrical Safety Audits We offer a systematic approach to evaluate potential hazards and recommend corrective measures for improvement in electrical installations Lean Manufacturing Advisory We implement appropriate lean tools techniques such as Kaizen 5S JIT SOP etc at clients unit leading to value creation Memberships CDP IETA and UNFCCC CNN Accreditations Consultancy Development Centre Govt of India and NBQPQCI Key Facts 900 Projects in Portfolio 120 Employees Globally 2000 Worldwide Clients Corporate Office EnKing Embassy Plot 48 Behind Vrindavan Hotel Part II Vijay Nagar Indore Madhya Pradesh 452010 Website Address wwwenkingintorg CIN L74200MP2011PLC025904 Safe Harbour This press release may include statements of future expectations and other forward-looking statements based on managements current expectations and beliefs concerning future developments and their potential effects upon EKI Energy Services Limited and its subsidiariesassociates EKI Energy These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results performance or events to differ materially from those expressed or implied in such statements Important factors that could cause actual results to differ materially from our expectations include amongst others general economic and business conditions in India and overseas our ability to successfully implement our strategy our research and development efforts our growth and expansion plans and technological changes changes in the value of the Rupee and other currency changes changes in the Indian and international interest rates change in laws and regulations that apply to the related industries increasing competition in and the conditions of the related industries changes in political conditions in India and changes in the foreign exchange control regulations in India Neither EKI Energy nor our Directors or any of our subsidiariesassociates assume any obligation to update any forward-looking statement contained in this release PWR PWR