By: ICN Bureau
Last updated : January 19, 2023 11:03 am
The company is poised to expand the Infra products division and is moving forward with plans for creating forward integration for the infrastructure related products and materials
Vikas Lifecare Limited Infra Materials Division has bagged fresh orders worth Rs. 16 crore for Q4 of FY 2022-23.
The Infra Division has achieved Rs. 63 crore sales during the current fiscal till 31st December 2022, exceeding the targeted sales volumes by 5% and is heading to exceed the annual sales target of Rs. 80 crore by at least 10%.
Vikas Lifecare Limited is poised to expand the Infra products division and is moving forward with plans for creating forward integration for the infrastructure related products and materials. The company has been actively working on various proposals which are at different stages of negotiation and finalization.
The company will actively participate in infrastructure development projects via collaborations and financial investments thus creating a forward integration for the Infra Products Division. These projects will elevate the scope of business and will add to the performance of the Infra Products Division with higher sales volumes and better profit margins for Vikas Lifecare Limited.
Vikas Lifecare Ltd. (VLL) is an ISO 9001:2015 certified company, engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic, and natural rubber. The company is primarily engaged in the various business segments i.e. Polymer & Rubber Commodity (bulk consumption) Compounds and Master-Batches (Manufacturing up- cycled compounds from industrial and post-consumer waste materials like EVA, PVC, PP, PE etc.), contributing to the environment protection initiatives from the Government of India and fulfilling the mandated EPR obligations for the conglomerates consuming hundreds of thousands of tons of plastic products and packaging materials.
VLL is also a Del-Credere agent of OPaL, a public sector undertaking producing a wide variety of base polymers and commodity plastic raw materials.
As a long-term business strategy, the company has most recently diversified its business interests beyond raw materials (B2B businesses) and forayed into the B2C segment with a host of consumer products including FMCG, agro, and infrastructure Products; paving way for an aggressive business growth with intricately planned and selected product portfolios via acquisitions, joint ventures and tie-ups. VLL intends to establish/acquire businesses in these segments thereby expanding its footprint in the country and beyond.