Govt recognised specialty chemicals manufacturer mulls preferential allotment to raise capital

The Indian chemical industry is poised for growth and has the potential to become a $1 trillion market by 2040 with a CAGR of 8-10 per cent over 2021-40, according to a report by IDBI Capital. Amid increasing chemistry expertise, scale of products, and financial discipline with the government pushing for economic diversification, small-cap specialty chemical stock Vikas Ecotech has informed exchanges about its plan to raise funds to meet corporate needs.

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