Vikas Ecotech Limited - Business updates from Specialty Polymer Compounds Division

Vikas Ecotech Limited has shared business updates from the Specialty Polymer Compounds Division:

- The Company has bagged fresh orders for Specialty Compounds valued at an Approx INR 90 Million.

- The Speciality Compounds sales registered so far during Q1 of the current fiscal is INR 197 Million and the target for the current quarter is INR 285 Million wiz about 9% higher while compared on Q'o'Q Basis with the last F.Y.

- The Company has taken a unique initiative inducting Personalised & Localised Technical Services Teams for the specific geographical regions with dense concentration of consumers / customers of the Niche, High Quality Materials developed indigenously by The Company, starting with Northern Indian Region, where most of the sales of the Specialty Compounds and Speciality Chemicals Business Divisions originate for the company.

- The Specialised Technical Assistance Services Initiative helped The Company adding new names to the customer base including M/s Paragon Polymer Products a renowned name in Footwear Segment while The Company gained Approvals and Commercial Orders from the insulation division of M/s Olectra Greentech Limited a renowned Electric Bus Manufacturers for the Speciality Fire Retardant Materials within the Q1 of 2023-24.

Shares of Vikas EcoTech Limited was last trading in BSE at Rs. 3.37 as compared to the previous close of Rs. 3.41. The total number of shares traded during the day was 2019566 in over 979 trades.

The stock hit an intraday high of Rs. 3.56 and intraday low of 3.35. The net turnover during the day was Rs. 6910959.00.

Source : Equity Bulls

Keywords

VikasEcoTech INE806A01020 BusinessUpdate SpecialtyPolymerCompoundsDivision