Chennai: BSE and NSE listed Vikas Ecotech Ltd, an integrated-specialty product solutions company producing a eco-friendly rubber-plastic compounds and additives, has informed exchanges that its board has approved the report on opportunities available for the company in pharmaceuticals, Api and chemical industry.
According to the company, the report was prepared by an expert committee constituted by its board of directors for business expansion to evaluate identified business proposal.
Also, the company has decided to invest up to Rs 75 crore in next 2 years, in new ventures or strategic partnerships for steering growth by both organic and inorganic means.
Dinesh Bhardwaj, CEO, Vikas Eco Tech, said the company expects domesticĀ sales to jump significantly post the lockdown as most of the inventory at ground level has been drawn down and the supply pipeline is pushing hard to replenish it.