Vikas Ecotech Limited has provided updates on its Specialty Chemicals & Compounds Business. The company has received orders for its Organotin Heat Stabilizer material from HIL Limited (CK Birla Group), for application in the food grade drinking water plumbing systems, essentially the cPVC Pipes & Fittings. The current order received from HIL is valued about INR 20 Million and will be completed within 20 days and more orders are expected to follow. With the receipt of this order, the company has accomplished complete revival of the Organotin domestic customers and business post the disruptions caused during the pandemic situation. Though an export of Organotin Material is also being pursued aggressively and is expected to start contributing again in company's topline in 2-3 months down the line. Vikas Ecotech Limited is the only manufacturer of the FDA approved Organotin PVC Heat Stabilizers in India, the Organotin Stabilizers are essentially a PVC additive which is fast replacing the toxic heat stabilizers conventionally used in PVC formulations. The company recently announced cracking the technique to recover the precious "Tin Metal" component from the Process Residue generated during the production of Organotin Mercaptides. The success in recovery of Tin Metal will aid achieving better economics in terms of the costing of this material to the company. Post the technical breakthrough the company is eying a wider acceptance based on better costing, aggressive pricing for its customers, both facilitating an enhanced order book which will eminently add encouraging numbers to the Top Line and also ensure better profits from the Organotin manufacturing business. The company has received an approval and the first bulk (commercial) order for the Flame Retardant Additive from the E V conglomerate the Renowned "Olectra Green-Tech Limited." Olectra Greentech Limited- a subsidiary of MEIL Group is the India's largest Pure Electric Bus manufacturer having manufacturing facilities at Hyderabad, India. Olectra is India's first ever electric bus manufacturer having manufactured and deployed multiple variants of Electric Buses in India. After leading in the commercial run of electric buses, the company is expanding its product line in the e-mobility segment for 3-wheeler electric autos and electric trucks. Shares of Vikas EcoTech Limited was last trading in BSE at Rs. 5.09 as compared to the previous close of Rs. 5.25. The total number of shares traded during the day was 2278027 in over 2074 trades. The stock hit an intraday high of Rs. 5.49 and intraday low of 4.99. The net turnover during the day was Rs. 11695614.00.

Website Created & Maintained by : Chennai Scripts West Mambalam, Chennai - 600 033, Tamil Nadu, India