EKI Energy Services Limited has received formal approval for a Category 'IV' Inter-State Electricity Trading Licence from the Central Electricity Regulatory Commission (CERC).

Key Details of Licence Grant

  • Licence Type: Category 'IV' Inter-State Electricity Trading Licence
  • Authority: Central Electricity Regulatory Commission (CERC)
  • Order Date: May 24, 2026
  • Petition Number: 92/TD/2026
  • Licence Validity: 25 years
  • Trading Scope: Authorizes inter-State trading in electricity across India

Regulatory Compliance Requirements

The licence is subject to compliance with:

  • Electricity Act, 2003
  • Terms and conditions of CERC Order dated May 24, 2026
  • CERC Trading Licence Regulations, 2020

Financial Requirements Met

As per Audited Balance Sheet submitted as on December 13, 2025:

  • Net Worth: ₹10 crore (meets Category IV requirement)
  • Current Ratio: 1:1 (meets requirement)
  • Liquidity Ratio: 1:1 (meets requirement)

Professional Qualification Requirements

The company demonstrated compliance with full-time professional requirements:

  • Manish Dabkara (Chairman): 16 years experience in power and carbon management, B.E. Electrical & Electronics Engineering, M.Tech Energy Management
  • Ramakrishna Patil (President Operations): 20 years experience in power sector, B.E. Mechanical Engineering, M.Tech Energy Management
  • Mohit Kumar Agarwal (CFO): 17 years experience in finance, B.Com (Hons), Chartered Accountant (ICAI, 2008)

Public Notice Process

  • First Notice: Published February 6, 2026 in Business Standard (14 editions) and Indian Express (6 editions)
  • Second Notice: Published May 8, 2026 in Times of India (all editions) and Dainik Jagran (all editions)
  • Result: No objections received from either public notice process

Licence Conditions

The licence grant is subject to 11 specific conditions throughout the 25-year period:

1. Compliance with Electricity Act, Rules, Regulations, and Commission directions

2. Adherence to all orders and directions issued by CERC

3. Prohibition from engaging in electricity transmission business

4. Strict adherence to trading margin regulations

5. Maintenance of required net worth and financial ratios

6. Continued compliance with qualification/disqualification requirements

7. Adherence to terms and conditions in Trading Licence Regulations Chapter V

8. Regular payment of annual licence fees under CERC (Payment of Fees) Regulations, 2012

9. Licence revocation risk for non-compliance

10. Licence revocation if no trading activity within one year of grant

11. Submission of all required reports and information to CERC

Additional Requirements

  • Copy of the order sent to Ministry of Power and Central Electricity Authority as per Section 15(7) of Electricity Act
  • Information made available on company website: www.enkingint.org

Legal Representation

Company represented by advocates: Tabrez Malawat, Syed Hamza, Sourajit Sarkar, and Rupali Jain