Vikas EcoTech Limited has informed the Exchange about General Updates
VIKASECO · price
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Vikas EcoTech Limited has secured a bulk order valued at approximately INR 34.22 million from Olectra Greentech Limited, a leading Indian electric mobility and green energy company. The order is for the supply of fire-retardant materials, specifically Aluminium Trihydrate (ATH), and is a domestic order with no related party involvement. The order is expected to be executed over approximately 3 months in the upcoming quarter. The company highlighted growing demand for ATH across sectors like electric mobility, construction, automotive, EHV composite insulators, and wire & cable, citing India's infrastructure and green mobility expansion as key growth drivers.
This is a positive development for Vikas EcoTech as it adds a meaningful order from a reputed client (Olectra Greentech, part of the MEIL Group) and reinforces the company's position in the fire-retardant materials segment. However, the order size (INR 34.22 million) is relatively modest, so the immediate stock impact may be limited unless it signals larger repeat business or pipeline expansion.