Vikas Ecotech has received orders valued Rs 36 crore for the infrastructure business division to be supplied in Q2FY2022-23. The infrastructure development segment in India witnessed a double-digit growth during recent years and offers exponential growth prospects for the future, whereas the public sector (Government) plans to invest about Rs 102 lakh crore on infrastructure projects by 2024-25, the private sector is also poised to keep growing at encouraging numbers.
The company has been catering to the infrastructure development industry as one of its major business divisions targeting broad-basing of its product portfolio. The company will be focusing on this business segment and adding more products and reaching out to more geographical locations. Considering the potential of the targeted business segment and the strong status of the order book Annual Sales Target for Infrastructure Products Division for the Financial Year 2022-23 has been heightened to Rs 225 crore on standalone basis.
Vikas Ecotech is engaged in the business of Speciality Polymers & Specialty Additives and Chemicals for Plastics & 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.