VHCL Industries has bagged an export order worth Rs 27.50 crore for compounded plastic recycled granules from its customer Max Apex. The order has been revised by the same customer from the tune of Rs 20.50 crore on account of change in their requirement. The company would like to correct the statement to reflect the actual position.
The company would also like to disclose that as per the previous communication, it is undergoing advanced negotiations through the authorized representative of the BoardMr, Pank4 Valia for a stake sale with the same company who has placed this order.
VHCL Industries is involved primarily in the polymer business-Plastic Recycling. The company is a market leader in this field, being the single largest polymer recycling company.
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