Vikas Lifecare Limited has informed that its Infrastructure Products Division has bagged orders worth Rs 160 million. As per the exchange filing, the orders will be executed in the fourth quarter of the current financial year.
The filing said the infra division has exceeded the targeted sales volume by 5 per cent, achieving sales of Rs 630 million in the first three quarters of the fiscal. It said the sales could exceed the annual sales target of Rs 800 million.
Vikas Lifecare said it is set to expand its infra products division and is moving forward with plans to create further integrations for infrastructure related products and materials.
Read also: Delhi-based chemical maker Vikas Ecotech files patent for polymer nanocomposites
“The company will actively participate in infrastructure development projects through collaborations and financial investments and thus create a forward integration for the Infra Products Division. These projects will enhance the scope of the business and enable the Division with higher sales volumes and improved profitability.” will enhance performance at margin,” the company said in the filing.
Vikas Lifecare is a leading provider of high-end specialty chemicals. The company’s in-house research and development (R&D) unit earlier this week Recognized From the Department of Scientific and Industrial Research, Ministry of Science and Technology.