Vikas Ecotech Limited (VEL) announced its entry into the conventional energy sector on Monday, following the receipt of a Rs 20-crore coal supply order from cement maker Prism Johnson.

The company said in a statement that supply for the latest order will begin within the next 15 days and will be completed by October 31, 2023.

According to Vikas Ecotech Limited, it has got orders worth Rs 20 crore for providing coal to Prism Johnson Limited, which is owned by the Rajan Raheja Group.

Vikas Ecotech Limited has been actively exploring business opportunities in the energy segment including conventional sources of energy being used in India, as well as the renewable and green energy segments.

The company is engaged in the business of specialty polymers for applications in sectors like electrical, infrastructure, packaging, and automotive, among others.