Vikas Ecotech bags order worth Rs57 million for supply of coal

Vikas Ecotech Limited has introduced relating to venturing into the power enterprise phase with bagging the primary order for supplying 4000 Metric Tonnes of Coal. This order is valued at about Rs57 million and the provides have been lined up, anticipated to be accomplished inside 30 days.

Vikas Ecotech Restricted, in fixed pursuit of increasing the product profile to newer and promising enterprise segments, has been eyeing the power enterprise phase which has been the underpin for a quick and balanced progress for the Indian in addition to the World Economies. With current disaster state of affairs within the power phase rooting from the Russia-Ukraine conflict whereas the every day international information together with India have a pertinent element i.e., the worldwide scarcity of power feedstocks together with the coal, has prompted the Enterprise Improvement wing to faucet into the power enterprise, which the group managed virtually immediately.

The corporate blitzed its manner into the enterprise with figuring out and establishing a powerful and dependable provide chain with the fabric originating from South Japanese Coalfields Restricted, a Authorities of India enterprise and the biggest coal producing firm of India with 60+ operational coal mines comprising of Central India Coalfields, Korba Coalfields and Man Raigarh Coalfields, unfold throughout Chhatisgarh & Madhya Pradesh together with coal carbonisation services in West Bengal.

The corporate has additionally been exploring alternatives within the renewable power companies just like the Fuel Distribution enterprise, The Photo voltaic Energy and the Hydrogen Cell energy gensets for industrial functions.

At round 2:28 PM, Vikas Ecotech was buying and selling at Rs3.64 apiece up by Rs0.15 or 4.3% on the BSE.