New multibagger in making….not buy/sell reco..do your own research before investing
Vikas Ecotech scouts for acquisition, expects Rs 360 crore revenue in FY23
Vikas Ecotech Ltd is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to Covid-19 pandemic, a top company official has said.
company had recently announced that its specialty compounds division had secured fresh orders valued at about Rs 65 million (Rs 6.5 crore), adding to the healthy order book with more than 700MT of orders which would be contributing to the performance for the current financial year, closing the current fiscal with exciting numbers.
The New Delhi-based company has also expanded into new business segments such as infrastructure products like steel pipe fittings, and MDPE pipes for gas applications.
Vikas Ecotech Ltd. is engaged in the business of Speciality 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.
Promoter trying to make company debt free in fy 23
Recently Nomura singapore increased its stake in Vikas ecotech : https://trendlyne.com/portfolio/superstar-shareholders/53974/latest/nomura-singapore-limited/
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