Vikas Ecotech (VEL) has achieved total sales of Rs 55 crore for the months of April and May, 2018. Besides, the company has achieved normal level of production post the disruption in Q4 FY18.
The company is expected to achieve sales of Rs 80-90 crore during Q1 FY19 and the same should ramp up to quarterly sales of Rs 100 crore by Q2 FY19.
VEL is extremely well positioned in the fast-growing Plastic and Speciality chemical industry which is witnessing growth rates of 15-25% over last few years in India. The company, given its strong product offering, is expected to deliver industry leading growth rates.
