Vikas Ecotech Limited bagged orders worth about INR 225 Million

New Delhi, December 8, 2023: Vikas Ecotech Limited is glad to share that the company has received orders worth about INR 225 Million for the specialty polymer compounds. These orders will be serviced within the next 30-45 days wiz latest by 15 February 2023.

The company will achieve almost INR 1000 Million revenue contribution with these orders from the Specialty Polymer Compounds business vertical in the current fiscal so far and is eyeing at another bout of order inflow tapping into the upcoming seasonal Exports period during January~March 2024.

The technical team at Vikas Ecotech, as a long term strategy has invested valuable time and energies developing technically enhanced, better efficient and custom tailored grades offering maximum efficacy along-with best possible cost to performance preposition for its end users and has successfully developed new better grades of Specialty compounds which have been tested and approved for commercial scale application, some of which have been patented by the company and in return these relentless efforts and technical edge will help the company achieving the targeted INR 1500 Million from its Specialty Compounds business during this Financial Year.

The Company is following its plan to expand the Specialty Polymer Compounds and Chemicals by all possible means. The company had recently acquired 100% equity of a Plasticizer Manufacturing Business valued at enterprise value of ~Rs 270 Million in an allcash deal which will be completed and all set to contribute an additional revenue of about INR 2000+ Million Per Annum for the first year, which will be expanded further via enhancing the production capacity at the newly acquired plant.

About Vikas Ecotech Limited:

Vikas Ecotech Ltd. is a New Delhi based company engaged in the business of Specialty Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.

Vikas Ecotech is the only manufacturer of Organotin (Heat Stabilizers for Vinyl applications) in lndia with in-house R&D facilities and is one of the single digit number of manufacturers of this product worldwide, who have technology and expertise for manufacturing this material right from Tin Metal to the final product. Vikas Ecotech is expanding its business and product portfolio has added many niche materials and consumer (final) products to its conventional (raw material businesses) profile. The new business segments include Infrastructure Products like Steel Pipe Fittings, MDPE Pipes for Gas applications to its business lines.

The securities of the Company are listed on both the Stock Exchanges, BSE (Scrip Code: 530961) and NSE (Scrip Code: VIKASECO).

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