Vikas Lifecare Ltd. is a small-cap company listed on both the NSE and BSE exchanges of India. Vikas Lifecare’s share price soared today by 4.62% on NSE and closed at Rs 6.80. The company has recently reported a significant development on the stock exchange. The company reported that its affiliate, Genesis Gas Solution Private Limited, got an order for ultrasonic meters.
The order, received from a well-established company, highlights the growing demand for advanced technology in gas metering. Ultrasonic meters are known for their accuracy, reliability, and longer lifespan, making them a durable and sustainable choice for gas companies globally to cut losses and save money.
Ultrasonic gas meters are instrumental in reducing commercial losses within the gas industry, particularly as gas prices continue to rise. Genesis Gas Solutions, in collaboration with Vikas Lifecare Ltd., is actively supplying ultrasonic meters to Avantika Gas Limited. Vikas Lifecare Limited is involved in manufacturing smart gas meters through IGL Genesis Technologies Limited, a joint venture with Indraprastha Limited.
IGL Genesis Technologies Limited has entered into a strategic technical partnership with Hangzhou Beta Meter Co., the largest gas meter manufacturer globally under the Holi Group. IGTL (IGTL) successfully acquired the technology for smart gas meters, making a good investment of Rs 19.20 crore. IGTL contributed Rs 9.96 crore, representing 50% of the joint venture’s technical collaboration fund.
• Vikas Lifecare Ltd., founded in 1995, specializes in trading and manufacturing polymers, rubber compounds, and additives for various industries. • The company operates a cashew processing facility in Mangalore with a daily capacity of approximately 1000 metric tons. • The company diversifies into the trading of infrared products, including TMT bars and HDPE pipes. • The company engages in polymer and rubber commodity compounds, manufacturing up-cycled compounds from industrial and post-consumer waste, and trading base polymers and commodity plastic raw materials. • The company explores B2C segments with consumer products for FMCG, agro, and infrastructure. • The company serves industries like automotive components, footwear, electronics, hygiene and healthcare, agri-products, and chemical components. • The company has strong key clients, including Horizon Global Ltd., Relaxo, Zara, Bata, Polycab, Havells, KEI, Biotique, Escorts, Nimbark, Navratan, GAIL, and Gujarat Gas.
Management of Vikas Lifecare Ltd
Name
Designation
Sundeep Kumar Dhawan
Managing Director
Vijay Sharma
Executive Director & CEO
Chandan Kumar
Executive Director & CFO
Richa Sharma
Independent Director
Anil Kumar
Independent Director
Ruby Bansal
Independent Director
Registered Address of Vikas lifecare Ltd.
Vikas Apartments, G-1, 34/1, East Punjabi Bagh, New Delhi Delhi 110026
This is a comprehensive guide to Vikas lifecare Ltd. The above-mentioned information and data are as of February 15, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments.
If you’re new to our website and want to stay up-to-date on the newest stock market news, join our Telegram group. If you have any further questions, please write in the comments section below. We will gladly address all of your inquiries. If you enjoyed this information, please share it with as many people as possible.
Disclaimer: Dear Readers, we are not authorized by SEBI (Securities and Exchange Board of India). The information provided above is for educational purposes and should not be considered financial advice or stock recommendations. Share price predictions are for reference purposes and are based on positive market indicators. The analysis does not account for uncertainties about future or current market conditions. The author, brokerage firm, or Finreturns.com are not liable for losses resulting from decisions. Finreturns.com advises consulting with certified experts before investment decisions.
