Vikas Ecotech Ltd - Updates on Order Book Status for the Infrastructure Business Division

Vikas Ecotech Limited has shared updates on order book for Infrastructural Products. The company has received orders valued INR 360 million to be supplied in Q2 FY2022-23.

The infrastructure development segment in India witnessed a double-digit growth during recent years and offers exponential growth prospects for the future, whereas the public sector (Government) plans to invest about INR 102 lakh crore on infrastructure projects by 2024-25, the private sector is also poised to keep growing at encouraging numbers.

Vikas Ecotech Limited has been catering to the infrastructure development industry as one of its major business divisions targeting broad-basing of its product portfolio. The company will be focussing on this business segment and adding more products and reaching out to more geographical locations. Considering the potential of the targeted business segment and the strong status of the order book Annual Sales Target for Infrastructure Products Division for the Financial Year 2022-23 has been heightened to INR 2250 Million on standalone basis.

Shares of Vikas EcoTech Limited was last trading in BSE at Rs. 4.18 as compared to the previous close of Rs. 4.40. The total number of shares traded during the day was 4943476 in over 2576 trades.

The stock hit an intraday high of Rs. 4.48 and intraday low of 4.11. The net turnover during the day was Rs. 21050427.00.

Source : Equity Bulls

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VikasEcoTech INE806A01020 BusinessUpdate OrderBook OrderWin