Vikas Ecotech has paid back another around Rs 5 crore, taking the total amount of bank-debt down to around Rs 60 crore and the overall bank-debt reduction of Rs 101.20 crore till date from the peak.
Post the current repayment, the company intends to payback additional Rs 10 crore before the close of this quarter, bringing down the debt levels to around Rs 50 crore, 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.
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.
Company Name | CMP |
---|---|
Tata Chemicals | 1105.30 |
SRF | 2402.00 |
Pidilite Inds. | 3108.50 |
Aarti Inds | 675.90 |
Gujarat Fluorochemic | 3273.95 |
View more.. |