21 Feb 2022 , 12:01 PM
Vikas Lifecare on Monday announced its latest from its’ Agro Products Business Segment wherein things are happening at an encouraging pace and management is confident of surpassing the targeted figures.
While the Premium Rice business has been registering impressive numbers for the company in terms of sales and consistent growth of the Agro Products Division, the company has received its first bulk-Load Export Order of 1500MT of Premium Rice, Valued at about INR 85 Million to be executed in the current month itself.
Recently, the company acquired a cashew processing unit at Mangalore (Karnataka) having already started contributing in its full capacity since its commissioning and catering aggressively to the fast-growing order book in Premium Cashews Nuts Business, the management of the Company, considering the rising demand and a stable, consistent growth forecast for sales of Premium Cashew Nuts with increasing per-capita income and changing consumer preference towards premium products, has decided to double the installed cashew processing capacity.
The machinery and ancillaries required for enhancing the processing capacity have been planned, ordered and are expected to be commissioned and become completely operational by the end of March 2022 as such, this increased capacity will start generating revenue in the first quarter of next financial year.
At around 11.51 am, the company's stock was trading at the lower circuit of Rs5.21 per piece down 4.93% on BSE.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.