Vikas Ecotech ventures into conventional energy with Rs 0.2 bn order

08 Aug 2023 CW Team

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.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..