Vikas Ecotech bags Rs. 22.5 crore order for specialty polymer compounds
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Vikas Ecotech bags Rs. 22.5 crore order for specialty polymer compounds

The company had recently acquired 100% equity of a Plasticizer Manufacturing Business valued at enterprise value of approx. Rs 27 crore in an all cash deal

  • By ICN Bureau | December 09, 2023

Vikas Ecotech Limited has received orders worth about Rs. 22.5 crore for the specialty polymer compounds. These orders will be serviced within the next 30-45 days.

The company will achieve almost Rs. 100 crore revenue contribution with these orders from the Specialty Polymer Compounds business vertical in the current fiscal so far and is eyeing at another bout of order inflow tapping into the upcoming seasonal Exports period during January - March 2024.

The technical team at Vikas Ecotech, as a long term strategy has invested valuable time and energies developing technically enhanced, better efficient and custom tailored grades offering maximum efficacy along-with best possible cost to performance preposition for its end users and has successfully developed new better grades of Specialty compounds which have been tested and approved for commercial scale application, some of which have been patented by the company and in return these relentless efforts and technical edge will help the company achieving the targeted INR 1500 Million from its Specialty Compounds business during this Financial Year.

The company is following its plan to expand the Specialty Polymer Compounds and Chemicals by all possible means. The company had recently acquired 100% equity of a Plasticizer Manufacturing Business valued at enterprise value of approx. Rs 27 crore in an all cash deal which will be completed and all set to contribute an additional revenue of about Rs. 200+ crore per annum for the first year, which will be expanded further via enhancing the production capacity at the newly acquired plant.


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