Vikas Lifecare adds Crystal Sugar and allied products to its portfolio

Vikas Lifecare Limited has announced the addition of Crystal Sugar and allied products to the product portfolio to its Agro Product Business Division and is executing an Export Order for 2700 MT valued at INR 100+ Million to start with.

The Company started its Agro Products Business Division this year only with Premium Cashew Nuts, Premium Rice etc. Subsequently, as a measure of backward integration, the company established a Premium Cashew Nuts processing unit at Karnataka, India which is running at optimum capacity utilisation levels, encouraged with the response it is recently decided to double the processing Cashew Nuts processing capacity.

As a long-term strategy the Company is focusing to sell of Agro Products in international markets and is continuously exporting Premium Rice. Now the addition of Crystal Sugar is also being embarked upon with an impressive Export Order.

In addition, the company has also been acquiring agricultural land parcels to expand its business initiatives in Agro Products including vivid activities and operations aiming horticultural R&D, Cultivation, Preservation and Storage of Agro Products under this Business Segment.

Shares of Vikas Lifecare Limited was last trading in BSE at Rs. 4.91 as compared to the previous close of Rs. 5.16. The total number of shares traded during the day was 1255720 in over 2651 trades.

The stock hit an intraday high of Rs. 4.91 and intraday low of 4.91. The net turnover during the day was Rs. 6165585.00.

Source : Equity Bulls

Keywords

VikasLifecare INE161L01027 CrystalSugar AgroProducts BusinessDivision ExportOrder OrderWin