How EESL’s business has scaled in 2019
EESL registered a revenue of Rs 1,935 crore in FY19, a 37 per cent increase over the previous fiscal, and pre-tax earnings growth of 178 per cent to Rs 171 crore during the same period. The EESL group turnover stood at Rs 2,435 crore, including an impressive revenue of Rs 500 crore from its UK subsidiary, registering an overall revenue growth of 70 per cent. The Profit After Tax (PAT) of the group was Rs 110 crore which marks a 214 per cent increase.
Besides Unnat Jyoti by Affordable LEDs and Appliances for All (UJALA) and Street Lighting National Program (SLNP), we have experienced significant development in our initiatives for agricultural pumps, super-efficient ACs, smart meters, decentralised solar power plants, leasing services for next-generation technologies like electric vehicles and turnkey offerings for efficient energy generation alternatives like trigeneration.
Some of the landmark achievements this year include the dedication of 1 crore LED streetlights to the nation, completion of the installation of over 5,00,000 smart meters across India, enabling NDMC to become the first ULB to convert to smart meters and the introduction of India’s first of its kind, super energy efficient AC. We are also focusing on strengthening the electric vehicle charging infrastructure in the country. Advancing our efforts to build a resilient e-mobility infrastructure across the country, EESL is focusing significantly on building public and captive charging stations for electric vehicles. Till date, 65 nos. of Public Charging Stations (PCS) complying with DC-001 (15kW) have been commissioned in Delhi. Apart from these public charging stations, EESL has installed total of 470 captive chargers, out of which 170 are DC-001 fast charger and 300 are AC-001 chargers.
EESL aims to become a global leader in implementing innovative business models, to promote the rapid and profitable adoption of energy efficiency solutions. We are implementing energy efficiency projects in Saudi Arabia, Malaysia, Maldives, Bangladesh, SE Asia (Vietnam/ Thailand) and Myanmar.
We are working towards providing universal access to sustainable energy solutions, in a bid to enable a low carbon future, with significant economic and social impact. We will continue to work towards that vision.
EESL has been leading the mandate for demand side management of energy in India for almost 10 years, while implementing the world’s largest energy efficiency portfolio.
The company has pioneered an innovative new energy service model, and its success has created a blueprint for commercial growth of energy service companies in India’s energy efficiency space. These include cost reduction attributed to aggregating demand and economies of scale, which have stimulated India’s private energy efficiency investments.
Further, EESL is also providing a platform which enables multi-stakeholder collaboration to promote new innovations in energy efficiency. It has been organising an annual symposium, ‘International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE)’. This event presents a unique opportunity to meet and exchange ideas with key Indian and global experts and incubate partnerships and collaborations.
Last year, EESL started the first edition of ‘#InnovateToINSPIRE’, a first-of-its kind energy innovation challenge, which was organised to invite ideas for scalable solutions in the realm of energy efficiency.