Vikas Ecotech ventures into conventional energy with Rs 0.2 bn order
POWER & RENEWABLE ENERGY

Vikas Ecotech ventures into conventional energy with Rs 0.2 bn order

Vikas Ecotech (VEL) made an announcement about its new venture into the realm of conventional energy. This decision followed the reception of a substantial Rs 0.2 billion order for coal supply from Prism Johnson, a prominent cement manufacturer. The scheduled supplies for this order are set to commence within the next 15 days and will reach completion by October 31, 2023, according to a statement released by the company.

Vikas Ecotech has successfully secured a significant contract worth Rs 0.2 billion for the delivery of coal to Prism Johnson, a company backed by the Rajan Raheja Group.

With a robust focus on business expansion, Vikas Ecotech has been actively exploring various avenues within the energy sector. This includes not only the conventional energy sources commonly used in India but also the burgeoning domains of renewable and eco-friendly energy.

The company's primary business domain involves the creation of specialty polymers designed for applications spanning sectors such as electrical engineering, infrastructure development, packaging, and automotive manufacturing, among others.

In a strategic diversification move, Vikas Ecotech is broadening its portfolio by entering the manufacturing of steel pipes and MDPE (medium-density polyethylene) pipes.

The official statement emphasised the company's entrance into the conventional energy market with its coal supply endeavours. This move is seen as a decisive step toward establishing a strong presence within the energy business sector, particularly given coal's major role as an energy source in India.

Vikas Ecotech's forward-looking strategy also encompasses explorations into renewable energy materials and products. This includes a keen interest in solar energy, gas-based solutions, and the cutting-edge domain of hydrogen fuel cells, showcasing the company's commitment to embracing the latest advancements in sustainable energy technologies.

Vikas Ecotech (VEL) made an announcement about its new venture into the realm of conventional energy. This decision followed the reception of a substantial Rs 0.2 billion order for coal supply from Prism Johnson, a prominent cement manufacturer. The scheduled supplies for this order are set to commence within the next 15 days and will reach completion by October 31, 2023, according to a statement released by the company.Vikas Ecotech has successfully secured a significant contract worth Rs 0.2 billion for the delivery of coal to Prism Johnson, a company backed by the Rajan Raheja Group.With a robust focus on business expansion, Vikas Ecotech has been actively exploring various avenues within the energy sector. This includes not only the conventional energy sources commonly used in India but also the burgeoning domains of renewable and eco-friendly energy.The company's primary business domain involves the creation of specialty polymers designed for applications spanning sectors such as electrical engineering, infrastructure development, packaging, and automotive manufacturing, among others.In a strategic diversification move, Vikas Ecotech is broadening its portfolio by entering the manufacturing of steel pipes and MDPE (medium-density polyethylene) pipes.The official statement emphasised the company's entrance into the conventional energy market with its coal supply endeavours. This move is seen as a decisive step toward establishing a strong presence within the energy business sector, particularly given coal's major role as an energy source in India.Vikas Ecotech's forward-looking strategy also encompasses explorations into renewable energy materials and products. This includes a keen interest in solar energy, gas-based solutions, and the cutting-edge domain of hydrogen fuel cells, showcasing the company's commitment to embracing the latest advancements in sustainable energy technologies.

Next Story
Infrastructure Urban

Tata to Establish Rs 32.73 Bn IT Park in Whitefield, Bengaluru

The Karnataka Government has granted approval to Tata Realty and Infrastructure Limited (TRIL) to establish a cutting-edge IT and ITES business park in Bengaluru, entailing an investment of Rs 32.73 bn. The forthcoming Tata Intelion Park will be situated within the Doddanekkundi Industrial Area in Whitefield, spanning 25.5 acres. The development is projected to generate employment opportunities for approximately 5,500 individuals. TRIL acquired the land from Graphite India Limited in August 2023 at a cost of Rs 9.86 bn. The park will comprise infrastructure for IT, retail, and associated ser..

Next Story
Infrastructure Energy

JSW Energy’s Rs 160 Bn Salboni Plant Most Cost-Efficient

JSW Energy’s Rs 160 bn capital expenditure for setting up a 1,600-MW ultra-supercritical thermal power plant at Salboni, West Bengal, is among the most competitive in terms of cost per megawatt, according to company officials. The Salboni project, comprising two units of 800 MW each, marks the company’s largest greenfield power development and its first major entry into eastern India. JSW already operates a cement grinding unit at the Salboni site in West Medinipur district. “This is the largest greenfield investment by the company and holds strategic significance,” stated JSW Energy..

Next Story
Infrastructure Energy

HMEL and IIT Kanpur to Collaborate on Advanced Energy R&D

HPCL-Mittal Energy Limited (HMEL) has signed a memorandum of understanding (MoU) with the Indian Institute of Technology Kanpur (IIT Kanpur) to jointly pursue research and development in new products, processes, and technologies within the energy sector. In a statement, HMEL said the collaboration would centre on pioneering R&D initiatives with tangible impact, including the development of sustainable energy technologies, process innovations, advanced materials, and AI-enabled energy systems. Both institutions aim to bridge the gap between academic research and industrial application, convert..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?