High-end specialty chemical compounds supplier Vikas Lifecare has secured a serious order for its agro merchandise division. The firm has knowledgeable exchanges that the order worth Rs 155 million will assist in boosting the agro merchandise enterprise.
The new order shall be executed within the second quarter of the monetary 12 months 2023-24. With this, the agro division has achieved Rs 480 million gross sales. The firm is concentrating on a objective of Rs 3,600 million for the agro division for the present fiscal 12 months, as in comparison with Rs 2,000 million within the earlier monetary 12 months.
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“The Agro Products Division has bagged fresh orders worth Rs 155 million to be executed within the Q2 2023-24,” the corporate mentioned in a submitting.
The agency can also be eyeing export orders in FY24 because the administration appears for alternatives for backward integration for the agro merchandise.Â
Vikas Lifecare is primarily engaged in buying and selling and manufacturing of polymer, rubber compounds and components for plastics, artificial and pure rubber. It lately forayed into B2C section with merchandise together with FMCG, agro and Infrastructure. It can also be a Del-Credere agent of public sector endeavor Oil and Natural Gas Corporation (ONGC).
The agency lately acquired subsidiary Genesis Gas Solutions which is engaged within the enterprise of Smart Gas Meters. It provides meters to all the foremost gasoline distribution corporations for home and business shoppers. Genesis Gas Solutions has a pact with Indraprastha Gas to arrange an built-in good meter manufacturing plant for Rs 110 crore. The settlement is touted to be a recreation changer as firm claims that it’ll revolutionize the good metering expertise within the nation and shall be a step ahead in direction of AtmaNirbahar Bharat.
