Indian Oil and EKI Energy ink deal to promote 'Surya Nutan'

New Delhi: Maharatna energy company Indian Oil Corporation and Global carbon credit developer and supplier EKI Energy Services have collaborated to promote sustainable indoor solar cooking systems. EKI Energy Services and Indian Oil Corporation (IndianOil) have formalised a Memorandum of Understanding (MOU) to this effect, a statement issued by the former said.

According to the statement, this strategic collaboration aims to promote 'Surya Nutan', IndianOil's innovative indoor solar cooking system.

IndianOil, the country's largest fuel refiner and retailer, has a prominent presence across the entire hydrocarbon value chain, it stated.

Under the MOU, IndianOil will share the technology of Surya Nutan with EKI Energy to enhance its production and distribution, supported by carbon finance while contributing towards the betterment of society and the environment.

EKI Energy will oversee the end-to-end management of Surya Nutan encompassing manufacturing, marketing, installation, and the provision of after-sales services.

This will be achieved by leveraging carbon finance, corporate social responsibility, or any other similar means.

Manish Dabkara, MD & Chairman, EKI Energy Services said in the statement, "By promoting 'Surya Nutan', we are not just endorsing innovation but also embracing our responsibility towards the country's environmentally sustainable development needs."

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)