Friday, June 14, 2024

Vikas Ecotech ventures into Hi Growth Infra Products Business

BSE (530961) and NSE  (VIKASECO) listed, Vikas Ecotech Limited., a New Delhi based company primarily engaged in the business of Speciality chemicals focused on Speciality Additives and Speciality Polymer Compounds, has updated exchanges on its newly ventured infra products business. The company, with an aim of broad-basing its product portfolio has added various final consumer products to the offering. Under this
new business division, with a view to support and cater the mammoth opportunity available in infrastructure development industry, the company had undertook various initiatives  including manufacturing of Plastic Gas Piping Systems, Steel Pipe Fittings and alongside offering Steel Piping Systems and Steel Bars.

Commenting on the subject The CEO Mr. Dinesh Bhardwaj said “The company is pleased to share that the ground operations for this new business division have taken off and we have achieved plus Rs. 100 Million sales benchmark in this business segment during the first 45 days since it started operations on ground in mid-July 2021 and apart from the sales achievement, we have already bagged orders for Steel Piping Systems amounting Rs. 125 Million, , supplies against which is already under progress.  Mr. Amit Dhuria, Chief  Financial Officer of the company, commenting on the occasion said “Considering the pace of recovery in activities in infra segment post lock downs and other Covid-19 related restrictions, we have set a realistic target at
Rs 1000-1200 Million during the current fiscal year for this business, even though the team is eying at exceeding it by at least 15-20%.” 

The products of the company caters to various industries such as agriculture, infrastructure, packaging,chemicals, electrical, FMCG, footwear, pharma, automotive, medical devices and consumer goods. Vikas Ecotech is the only manufacturer of Organotins in lndia with in-house R&D facilities and is one amongst single digit number of manufacturer worldwide who have technology and expertise for its manufacturing right from tin metal stage to the final product.

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