Vikas Ecotech bags fresh order for specialty polymer compounds
The company will achieve almost Rs 100 crore revenue contribution with these orders from the specialty polymer compounds business vertical.
High-end speciality chemicals manufacturer Vikas Ecotech has announced that it has secured orders worth Rs 22.5 crore for specialty polymer compounds. The company stated, through an exchange filing, that it intends to fulfil these orders within the next 30-45 days, with the completion date set for February 15, 2023.
"The company will achieve almost Rs 100 crore 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," it added.
Earlier in October, Vikas Ecotech's board had approved the evaluation of a consolidation proposal of consolidation proposal with Vrindaa Advanced Material Limited (VAML). Vrindaa Advanced Material is mainly engaged in the business of speciality polymer compounds and agri products trading.
Vikas Ecotech, which is based out of Delhi, had in September announced fundraising via the issuance of preferential issues.
The small-cap company operates in the speciality chemical industry. It is a leading supplier of premium speciality chemicals to clients worldwide. It supplies chemicals to several industry players including in agriculture, automobiles, cables, electricals, hygiene, healthcare, polymers and more.
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