Vikas Ecotech Board Approves Debt Reduction Program Phase-II Marching Towards Zero Debt Regime
New Delhi (India), January 26: BSE (560961)& NSE (VIKASECO) listed Vikas Ecotech Ltd an emerging player in the global arena of the high-end speciality chemicals players, offering eco-friendly and technologically superior products to the world, has announced that on persistence and support extended by the promoters of the Company, it has initiated 2nd Phase of the Debt Reduction Program, wherein overall bank debt shall further get reduced by another 20% from the peak exposure. Rs. 100 million has been paid back already, and another minimum Rs. 250 million shall be paid before the close of this quarter (Q4_FY22). After completion of both these phases, bank debt shall get reduced by approx. 40% from the peak exposure, paving the way towards becoming a ‘ZERO debt company’ in the next finan
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