Vikas Ecotech Bags Fresh Orders For Specialty Compounds Worth Rs 90 Million

Vikas Ecotech has announced that the Specialty Polymer Compounds Division has bagged fresh orders for Specialty Compounds valued at Rs 90 million.

The Speciality Compounds sales registered so far during Q1 of the current fiscal is Rs 197 million and the target for the current quarter is Rs 285 Million which is about 9 per cent higher while compared on QoQ basis with the last FY.

The Company has taken a unique initiative inducting personalised & localised technical services teams for the specific geographical regions with dense concentration of consumers.

The Specialised Technical Assistance Services Initiative helped the company to add new names to the customer base including Paragon Polymer Products.

Vikas Ecotech is 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.

The shares of Vikas Ecotech closed on Monday at Rs 3.37 apiece down by 1.17% from the previous close of Rs 3.41 on the BSE. The stock made a 52-week-high of Rs 4.15 on (17/06/2022) and a 52-week-low of Rs 2.38 on (28/03/2023).
During Q4FY23, the company reported promoters stake of 9.33% and public stake of 90.67%.