Vikas Ecotech Achieves Final Grant For Polymer Nanocomposites In Saline Environment

After the company announced that it had finally received approval for the first patent in its name for the technology developed by the Vikas Ecotech team on "A process for the smart conjugated polymer nanocomposites for corrosion protection in a saline environment," its shares rose 1.20 per cent to trade at Rs 3.37 on Thursday. As per the Indian Patents Act 1970, the Government of India issued Patent No. 480897 on December 12, 2023, under section 43.

The patent outlines an innovative method for encasing calcium carbonate nanoparticles in a conjugated copolymer matrix composed of aniline and 3,4-ethylenedioxythiophene that have been synthesised in a certain doping medium. These nanocomposites exhibit beneficial corrosion prevention responses when mixed in a specified ratio with bisphenol polyester epoxy.

In a salinity environment, intelligent coatings based on conjugated copolymer nanocomposites encapsulated in nano calcium carbonate will offer a reliable and efficient solution to the corrosion problem.

With the goal of being debt-free by the end of the current fiscal year, Vikas Ecotech announced on Wednesday that it has cleared its Rs 119 crore debt. The company's outstanding debt dropped to Rs 42.5 crore with this recent repayment of the outstanding debt, according to a statement from Vikas Ecotech. The company aims to become a debt-free company by the end of FY 2023-24.

The company recently completed an all-cash deal to acquire 100% of a plasticizer manufacturing business valued at approximately Rs 270 million. The deal is expected to be completed and contribute an additional revenue of approximately Rs 2000 million per year for the first year.

This revenue will be further expanded by increasing the production capacity at the newly acquired plant. Specialty polymers & specialty additives and chemicals for plastics & rubbers industries are the focus of Vikas Ecotech Ltd., a New Delhi-based business that serves a broad range of applications in agriculture, infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components, and other consumer goods.