Genesis Gas Solutions wins Gas Meters order worth Rs. 49.5 crore

Vikas Lifecare Limited's material subsidiary Genesis Gas Solutions (Genesis) has been awarded orders to supply 40000 Gas Meters valued an aggregate INR 495 Million from Gujarat Gas Limited, The India's Largest City Gas Distribution company.

Vikas Lifecare Ltd. owns 95% equity in Genesis which is engaged in the business of developing "Smart Products" including Smart Gas Meters & Power Distribution solutions for the infrastructure segment.

Shares of Vikas Lifecare Limited was last trading in BSE at Rs. 5.01 as compared to the previous close of Rs. 5.00. The total number of shares traded during the day was 2493489 in over 2456 trades.

The stock hit an intraday high of Rs. 5.09 and intraday low of 5.00. The net turnover during the day was Rs. 12513116.00.

Source : Equity Bulls

Keywords

VikasLifecare INE161L01027 GenesisGasSolutions OrderWin GasMeters GujaratGas