The increasing demand for infrastructure in developing economies has driven companies to adopt climate-friendly measures, supported by government initiatives to develop sustainable green infrastructure. Green-enviro-friendly infrastructure comprises technologies and practices that utilize natural processes.
Delhi-based small-cap stock, Vikas Ecotech, is making a move into sustainable infrastructure to contribute to the fight against climate change. The company has announced a collaboration with Estate Projects in Delhi-NCR to develop two projects. This strategic partnership aims to promote green economic growth in India.
Vikas Ecotech primarily operates in the specialty chemicals segment. The collaboration with Estate Projects, which has over three decades of experience in the residential, commercial, and hospitality sectors, will enable Vikas Ecotech to leverage their expertise. The new projects will be located in Gurugram, Haryana.
As part of the collaboration, Vikas Ecotech will contribute 75% of the total project cost. The estimated cost of the targeted projects is around Rs 50 crore.
The company is actively exploring similar proposals that complement its existing business. Venturing into infrastructure development serves as a forward integration for many of their products and materials that are currently supplied to infrastructure projects. This collaboration will generate additional sales from infrastructure projects, thus driving revenue growth.
Vikas Ecotech is an emerging player in the high-end specialty chemical business, manufacturing products widely used across various industries, including agriculture.
The company has a market capitalization of Rs 349 crore and is trading at a PE ratio of 36.56. Over the past two years, the company’s shares have generated a return of over 50%.
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Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
