Web Exclusive | June 2017
EESL posts revenue of Rs 1,227 crore
Energy Efficiency Services Limited (EESL), a joint venture of four PSUs under the Ministry of Power continued its all-round exceptional performance from the last fiscal to 2016-17. EESL registered a revenue of Rs 1227.18 crore in 2016-17, growing 19 times from 2014-15. The company’s performance demonstrates GoI’s commitment and consumers’ participation towards adopting energy efficiency to mitigate climate change.
The company’s profit before tax stood at Rs 81.12 crore this year in comparison to Rs 50.19 crore in 2015-16. The profit of the company grew Rs 30.93 crore this fiscal in comparison to the previous year. The net worth of the company as on March 31, 2017 has increased from Rs 417.63 crore to Rs 555.33 crore this fiscal.
Saurabh Kumar, Managing Director, EESL said, “Without the support of our consumers and the right direction led by GoI and its policies, this success would not have been possible. EESL will ensure that it continues to tap the energy efficiency market and make it affordable to the masses. I am confident that in the current fiscal we will register a revenue of Rs 3,000 crore.”