Vikas Ecotech Ltd receives orders valued at Rs. 20 crores

Vikas Ecotech Limited has received orders valued at INR 200 Million Approx for supplying Coal to one of the Prestigious Cement Manufacturers namely 'Prism Johnson Limited' (Cement unit II) promoted by the Rajan Raheja Group. The supplies for this order will start within the next 15 days and will be completed by 31'October 2023.

Vikas Ecotech Limited has been actively exploring business opportunities in the Energy Segment including the conventional sources of energy being used in India as well as the Renewable and Green Energy Segments.

The company ventured into the conventional energy market with supplying of Coal which has is being used as major source of energy in India in order to make space for setting a firm foot in the Energy business segment, while the company is parallelly exploring opportunities amongst various modern and futuristic Clean, Green and Renewable Energy Materials and Products including Solar, Gas, and the latest Hydrogen Fuel Cells as well.

Business Opportunities in The Energy Segment:

India's continued industrialisation and urbanisation will make huge demands of its energy sector and its policy makers while the energy use on a per capita basis in India is well under half the global average.

Over 80%of India's energy needs are met by three conventional fuels: coal, oil and solid biomass. Coal has underpinned the expansion of electricity generation and industry for decades, and remains the largest single fuel in the energy mix. While Oil consumption and imports have grown rapidly on account of rising vehicle ownership and road transport use. Biomass, primarily fuelwood, makes up a declining share of the energy mix, but is still widely used as a cooking fuel. Despite recent success in expanding coverage of LPG in rural areas, 660 million Indians have not fully switched to modern, clean cooking fuels or technologies.

While Natural gas and other modern renewable sources of energy have started to gain ground, The rise of solar Photovoltaics (PV) in particular has been spectacular; the resource potential is huge, the policy support and technology cost reductions are bound to make it the cheapest option for new power generation.

Shares of Vikas EcoTech Limited was last trading in BSE at Rs. 3.07 as compared to the previous close of Rs. 3.05. The total number of shares traded during the day was 7819080 in over 1796 trades.

The stock hit an intraday high of Rs. 3.19 and intraday low of 3.03. The net turnover during the day was Rs. 24462257.00.

Source : Equity Bulls

Keywords

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