Corporate Feature     

Published: June 15, 2023
Updated: June 15, 2023

Vikas Ecotech

Moving on growth path: On a debt-erasing mission

New Delhi-headquartered Vikas Ecotech, engaged in the business of speciality polymers, speciality additives and speciality chemicals for the plastics and rubber industries — which cater to a wide range of packaging, electrical, footwear, pharmaceuticals, automotive, medical services and other consumer goods — is on the growth path. With a view to financing its growth plans and bringing down its debt burden, it has recently raised Rs 50 crore through a QIP issue.

ZERO DEBT AIM

With a view to making its balance sheet robust and healthy, the management is systematically reducing its debt. By now, it has brought down its debt from Rs 170 crore to Rs 84.30 crore and is looking to pay back an additional Rs 29.5 crore by the close of the current quarter to bring down the debt to Rs 54.8 crore. The management is confident of wiping out the total debt by fiscal 2024 so as to convert the company into a 100 per cent debtfree corporate entity.

The company’s R&D division has partnered with King Khalid University, Abha 62529, Saudi Arabia, which will help strengthen its R&D activities. Technology transfers will improve and augment its product offerings. In its drive to offer better, more reasonably priced and technologically advanced products, Vikas Ecotech has discovered an active and prominent partner through such a collaboration, among the other benefits of the deal.

Vikas Ecotech’s R&D division is a DSIR-recognized facility under the Ministry of Science and Technology, Government of India, and is engaged in several cutting-edge scientific research projects in many different disciplines that aim to enhance the environment and human welfare, and to promote sustainability in general.

CLEAN WASTE WATER

In co-operation with King Khalid University, Abha 62529, Saudi Arabia, the company’s R&D wing has submitted a patent on ‘A Process for the designing of Conducting Polymer Nanocomposites on Activated Carbon Membrane for the Removal of Bacterial Contamination from Polluted Waste Water’. This technology aims at developing a conducting polymer nanocomposite-based membrane which will be helpful for the removal of E.coli and total coliform from waste water. These nanocomposites are economically feasible and can find widespread market usage compared to conventional waste water treatment methods.