A number one supplier of high-end specialty chemicals, Vikas Ecotech, has introduced plans to set up a world-class research laboratory that meets worldwide requirements and achieves NABL accreditation. Notably, its in-house research & growth (R&D) unit is recognised by the Department of Scientific and Industrial Research, Ministry of Science & Technology.
The new laboratory will improve its research capabilities by including high-end scientific laboratory devices. The goal behind setting up a brand new facility is to foster a dynamic research atmosphere that encourages interdisciplinary collaboration and drives innovation.
It is value mentioning right here that the Union Budget 2023–24 allotted funds of Rs 2000 crore for the proposed National Research Foundation to help India’s research capabilities. The basis is being set up to help India’s research capabilities.
Stating that it’s dedicated to driving innovation and redefining business requirements, the Delhi-based company mentioned in a press release that it has additionally developed TPV compound, a cutting-edge materials, that meets the stringent FR-V0 (Flame Retardant V)) requirements.
Meanwhile, a PTI report final month mentioned that the recycling major is aiming to change into debt-free by the monetary yr 2023-2024. To date, it has paid a debt discount program of Rs 98.2 crore to lenders.
Besides recycling, additionally it is engaged within the enterprise of producing specialty polymers for functions in sectors like electrical, infrastructure, packaging, and automotive, amongst others. The firm can be increasing its enterprise portfolio by manufacturing metal pipes and MDPE (medium-density polyethylene) pipes.
Earlier on Friday, shares of Vikas Ecotech completed at Rs 3 apiece on BSE. In a risky commerce, the 30-share BSE Sensex declined 202.36 factors or 0.31 per cent to settle at 64,948.66. During the day, it fell by 396.3 factors or 0.60 per cent to 64,754.72. The NSE Nifty dipped 55.10 factors or 0.28 per cent to finish at 19,310.15.
