Corporate Feature     

Published: April 30, 2024
Updated: April 30, 2024

Vikas Lifecare Limited

Agro Products Division Secures Orders worth Rs. 500 Million

Vikas Lifecare Limitedhas secured significant orders for its Agro Products Division, which has bagged an order for rice, valued about Rs. 500 Million, bolstering its presence in the premium and organic rice segments. Of these present orders, Rs. 400 Million are attributed to premium rice varieties, while the remaining Rs. 100 Million represent orders for organic breeds of rice.

Earlier, the company said that the Department of Economic and Tourism, Dubai UAE(the DET), Government of Dubai, has approved incorporation of wholly owned subsidiary of the company in the name of “VIKASH LIFE CARE INVESTMENT MANAGEMENT L.L.C” and issued a certificate of incorporation for the same.

As part of its commitment to providing the best service and products to its customers, Vikas Lifecare continues to innovate and adapt to changing market dynamics. The company’s dedication to quality, sustainability, and customer satisfaction remains unwavering, driving its continued success in the agro products industry.

Vikas Lifecare Limited (VLL) is an ISO 9001:2015 certified company, conventionally engaged in manufacturing and trading of Polymer and Rubber compounds and specialty additives for plastics, synthetic & natural rubber. polymer & rubber commodity (bulk consumption) compounds and master-batches (Manufacturing up- cycled compounds from industrial and post-consumer waste materials like EVA, PVC, PP, PE etc.), contributing to the Environment Protection initiatives from the Government of India and fulfill the mandated EPR obligations for the conglomerates consuming hundreds of thousands of tons of plastic products and packaging materials.

VLL is also a Del-Credere agent of ONGC (Oil and Natural Gas Corporation Ltd.) Petro Additions Limited, a public sector undertaking producing a wide variety of base polymers and commodity plastic raw materials.

VLL’s subsidiary M/s Genesis Gas Solutions Pvt. Ltd. is engaged in the business of Smart Gas Meters being supplied to all the major gas distribution companies for domestic and commercial consumers. Genesis pioneers in smart gas and water metering and commands about 20% of the domestic gas metering business share in India

The company in order to fuel the business growth, has been very open minded and is aggressively exploring various Industrial and Services Business Markets including tourism, hospitality and entertainment. VLL intends establishing / acquiring businesses in these business segments thereby expanding its footprint in the country and beyond. The securities of the company are listed on both the stock exchanges, BSE (Scrip Code: 542655) and NSE (Symbol: VIKASLIFE).