
New Delhi (India), January 26: BSE (560961)& NSE (VIKASECO) listed Vikas Ecotech Ltd an emerging player in the global arena of the high-end speciality chemicals players, offering eco-friendly and technologically superior products to the world, has announced that on persistence and support extended by the promoters of the Company, it has initiated 2nd Phase of the Debt Reduction Program, wherein overall bank debt shall further get reduced by another 20% from the peak exposure. Rs. 100 million has been paid back already, and another minimum Rs. 250 million shall be paid before the close of this quarter (Q4_FY22).
After completion of both these phases, bank debt shall get reduced by approx. 40% from the peak exposure, paving the way towards becoming a ‘ZERO debt company’ in the next financial year i.e. 2022-23 Recently, Vikas Ecotech had informed exchanges that it has been diversifying to newer markets with innovative products.
As a measure of backward integration, the Company has commissioned a Steel Pipe Fittings plant, which after trial production, went into commercial production almost 2 months ahead of schedule.
With increasing economic activities and governments thrust on infrastructure development, there is a huge demand for fittings by all major steel tube manufacturers like APL Apollo, Jindal, Hi-tech, etc. They prefer sourcing from the vendors who have inhouse steel tube fitting manufacturing facilities.
Considering it as a long-term opportunity, which not only enhances the company’s revenues, product basket, profitability but also mitigates concentration risk, the company has successfully bagged commercial-scale orders. Since the production of fittings and their supplies are much ahead of their scheduled targets, Vikas is expecting a good revenue contribution of this newly added business segment.
The company has been most recently empanelled as an approved vendor with the U.P. State Horticultural Co-Operative Marketing Federation (HOFED), a UP Govt. Enterprise.
It’s the first of its kind of empanelment for Vikas Ecotech that too alongside other industry conglomerates like Supreme Industries, Advance Biocare, Stellar Polyplast etc.
Enhancements in Intellectual Property: Successful registration of a patent for the use of Nano CaCO3 in Plastic & Rubber Compounds The company’s ultra-modern latest state of the art R&D laboratory undertook research for Nano Composites and their use in the plastic and rubber industry, the company has filed a patent for the use of Nano Calcium Carbonate (CaCO3) as a multi-role additive and modifier.
[url=https://genericcialiswithnoprescription.monster/]cialis generic online pharmacy[/url]
Garrett does not go hog-wild on his tool. He caresses and adores it like one would an idol.
[url=http://efxcialis.com/]5mg cialis daily[/url]
[url=http://tadalafilstabs.com/]cialis once a day[/url] [url=http://efxcialis.com/]800mg cialis[/url] [url=http://lipitor.live/]lipitor pfizer[/url] [url=http://cialismtabs.com/]cialis cost[/url] [url=http://sildenafilutab.com/]female viagra[/url]
848949 567191I also recommend HubPages itself, and Squidoo, which is comparable. 237145
459024 598546I like this internet site because so considerably utile stuff on here : D. 838735
19660 639553articulo agregado a favoritos, lo imprimir cuando llegue a la oficina. 277082
770327 521214Music began playing any time I opened this site, so frustrating! 350456
212820 312569Aw, i thought this was an very good post. In thought I would like to invest writing in this way moreover – taking time and actual effort to manufacture a quite very good article but exactly what do I say I procrastinate alot and no means apparently go completed. 624887
174165 981111This web page might be a walk-through like the data you wanted concerning this and didnt know who need to. Glimpse here, and youll undoubtedly discover it. 239188