Vikas Ecotech Ltd repays Rs. 50 million debt

Vikas Ecotech Ltd has paid back another Rs. 50 Million Approx., taking the total amount of bank-debt down to Rs. 600 Million Approx and the overall bank-debt reduction of Rs. 1012 Million till date from the peak.

Post the current Repayment, the Company intends to payback additional Rs. 100 Million before the close of this quarter, bringing down the debt levels to Rs 500 Million Approx., paving the way towards becoming a 'ZERO Debt Company' within F.Y.2023-24.

The Company has set a goal for becoming a 100% Debt Free entity within FY 2023-2024 under Debt Reduction Program, on persistence and support extended by the promoters of the Company.

Shares of Vikas EcoTech Limited was last trading in BSE at Rs. 2.99 as compared to the previous close of Rs. 2.99. The total number of shares traded during the day was 5026316 in over 2024 trades.

The stock hit an intraday high of Rs. 3.04 and intraday low of 2.97. The net turnover during the day was Rs. 15078982.00.

Source : Equity Bulls

Keywords

VikasEcoTech INE806A01020 DebtRepayment DebtReduction