Vikas Ecotech Limited Secures Orders Valued at Approximately INR 225 Million

In a significant development, Vikas Ecotech Limited has successfully secured orders totaling around INR 225 Million for their specialty polymer compounds. The company is committed to fulfilling these orders within the next 30-45 days, with completion expected no later than February 15, 2023.

These recent orders mark a substantial milestone for Vikas Ecotech Limited's Specialty Polymer Compounds business vertical, contributing nearly INR 1000 Million to the overall revenue in the current fiscal year. Looking ahead, the company has its sights set on securing additional orders during the upcoming seasonal export period from January to March 2024.

As part of a long-term strategy, the technical team at Vikas Ecotech has dedicated significant time and effort to developing technically enhanced, more efficient, and custom-tailored grades of specialty compounds. These advancements aim to provide maximum efficacy while maintaining a favorable cost-to-performance proposition for end-users. Several of these new grades have undergone successful testing and approval for commercial-scale applications, with some even receiving patents from the company. These technical advancements position Vikas Ecotech to achieve its targeted INR 1500 Million revenue from its Specialty Compounds business during the current financial year.

Furthermore, Vikas Ecotech is diligently executing its expansion plan for the Specialty Polymer Compounds and Chemicals segment through various avenues. The recent acquisition of 100% equity in a Plasticizer Manufacturing Business, valued at an enterprise value of approximately Rs. 270 Million in an all-cash deal, is a testament to the company's commitment to growth. This acquisition is poised to contribute an additional revenue of about INR 2000+ Million per annum for the first year, with plans for further expansion through increased production capacity at the newly acquired plant. These strategic moves position Vikas Ecotech Limited for sustained growth and continued success in the polymer compounds industry.

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