Vikas Lifecare's subsidiary Genesis Gas Solutions Achieves First Ever Orders for Ultrasonic Gas Meters Valued at INR 30 Million

Vikas Lifecare Limited's wholly owned subsidiary company Genesis Gas Solutions Pvt. Ltd (Genesis) has received the First Ever Orders for Ultrasonic Meters Gas Meters valued at INR 30 Million. Ultrasonic meters are considered highest in efficacy in terms of accuracy and reliability, as these meters derive the volume flow of the gas by measuring the transit times of high-frequency sound waves. The Ultrasonic meters are eminently required at Large Diameter Gas Pipe Lines where it is a commercial loss to use the mechanical drive meters.

The meters supplied by Genesis shall be part of Field Regulating Skid (FRS) to be used by various City Gas Distribution companies.

GENESIS had signed an agreement with SICK AG, Germany to supply Ultrasonic Gas Meters (FlowSic 500) for Industrial and Commercial gas customers. Genesis has developed a 4G Modem, and integrated its own MDM solution, EnerDash with the UltraSonic meters (FlowSic 500) being supplied by them to customers.

Shares of Vikas Lifecare Limited was last trading in BSE at Rs. 3.31 as compared to the previous close of Rs. 3.26. The total number of shares traded during the day was 4236737 in over 2009 trades.

The stock hit an intraday high of Rs. 3.33 and intraday low of 3.21. The net turnover during the day was Rs. 13831522.00.

Source : Equity Bulls

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VikasLifecare INE161L01027 GenesisGasSolutions OrderWin