Vikas Ecotech Limited announce that it have re-paid another INR 50 million to the bankers as part of its pre-defined debt reduction program wherein its targeted to make the business debt free by March 31, 2024. The Company had set a goal to be a debt-free business by March 31, 2024 and in due compliance with the targeted amount in Phase-1 of the Debt Reduction Program which was initiated on August-Sept' 2021 the Company has re-paid INR 1,052 million to the bankers since then; thus reducing the total bank debt from the peak of INR 1,612 million approx. to about INR 550 million currently, making a 66% Reduction from the Peak Level within 24 Months of initiating the process.
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