Vikas Ecotech bags order worth Rs20 crore for Infrastructural Steel

12 May 2022 , 10:24 AM

Vikas Ecotech Limited has informed to the exchanges regarding Consumer Business Division of the Company.

The Consumer products division of the company has won confirmed orders for infrastructural product business segment valued at about Rs20 crore.

These fresh orders for supplies of infrastructural steel will be executed within the Q1 of FY 2022-23, in addition to this, the company is expecting more orders for the ongoing construction projects which have gained a pace after the Uttar Pradesh Elections, these orders will give a considerable leverage to the Top Line and riding on this success, the company will be exceeding the business projections for the First Quarter of the current fiscal year.

Vikas Ecotech Limited, in accordance to the long-term plan, has been sprinting to broad-base the conventional Raw Material (B2B business) via venturing into a wide variety of final products (B2C products).

The company has been specifically focussing on growing its consumer products division, alongside continuously working to expand the offing to the conventional business segments, targeting to tap into the ever-growing business potential and the strong and steady demand for the infrastructural materials and products in India, which has a huge scope to offer opportunities for a long lasting and huge business growth.

At around 10:27 AM, Vikas Ecotech was trading at Rs3.40 apiece down by Rs0.17 or 4.76% on the BSE.