Vikas Ecotech has re-paid another Rs 12.30 crore to the bankers as part of its pre-defined debt reduction programme. The Company whilst sprinting towards the targeted debt reduction numbers, initiated the process during August-September 2021 and since then the Company has re-paid a total Rs 118.70 crore to the bankers; thus reducing the total bank debt from the peak of around Rs 161.20 crore to about Rs 45.00 crore currently, making around 74% Reduction from the Peak Level.
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.
