{"id":31721,"date":"2022-03-27T17:02:38","date_gmt":"2022-03-27T11:32:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-vishalecotech\/"},"modified":"2022-03-27T17:02:38","modified_gmt":"2022-03-27T11:32:38","slug":"biz-vishalecotech","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-vishalecotech\/","title":{"rendered":"Vikas Ecotech scouts for acquisition in western region; expects Rs 360 crore revenue in FY23"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3099904966\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       New Delhi, Mar 27 (PTI) Specialty chemicals and polymer products maker Vikas Ecotech Ltd (VEL) is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to Covid-19 pandemic, a top company official has said.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-638763716\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        Vikas Ecotech (VEL) is also scouting for manufacturing facilities in the western region as it is drawing expansion plans. As part of diversification, the company is also looking at new businesses in order to broad-base business interests, newer materials or products, geographical locations and market segments.<\/p>\n<p>        Stating that VEL is looking out for suitable manufacturing facilities\/going businesses in the western region, Vishal Ecotech CEO Dinesh Bhardwaj said the company has a provision to invest Rs 200 million (Rs 20 crore) and upwards for expansion and diversification plans. The provision can be increased if needed, he added.<\/p>\n<p>        The company, listed on NSE and BSE, is expecting revenue of Rs 360 crore in the next financial year against the estimated revenue of Rs 295 crore in the current financial year.<\/p><div class=\"trade-content_5\" id=\"trade-3596811488\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        It had reported revenue of Rs 116 crore in FY2020-21 as business was hit by the deadly coronavirus pandemic.<\/p>\n<p>        The company had recently announced that its specialty compounds division had secured fresh orders valued at about Rs 65 million (Rs 6.5 crore), adding to the healthy order book with more than 700MT of orders which would be contributing to the performance for the current financial year, closing the current fiscal with exciting numbers.<\/p>\n<p>        The New Delhi-based company has also expanded into new business segments such as infrastructure products like steel pipe fittings, and MDPE pipes for gas applications.<\/p>\n<p>        Vikas Ecotech Ltd. is engaged in the business of Speciality Polymers &#038; Specialty Additives and Chemicals for Plastics &#038; Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.  PTI RR MR   MR<\/p>\n<div class=\"trade-after-content\" id=\"trade-2442359262\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 27 (PTI) Specialty chemicals and polymer products maker Vikas Ecotech Ltd (VEL) is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to Covid-19 pandemic, a top company official has said. Vikas Ecotech (VEL) is also scouting for [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-31721","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vikas Ecotech scouts for acquisition in western region; expects Rs 360 crore revenue in FY23 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-vishalecotech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vikas Ecotech scouts for acquisition in western region; expects Rs 360 crore revenue in FY23\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Mar 27 (PTI) Specialty chemicals and polymer products maker Vikas Ecotech Ltd (VEL) is looking to log Rs 360 crore revenue in the next financial year on the back of resumption of exports which were stalled due to Covid-19 pandemic, a top company official has said. 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