Vikas Lifecare forays into arena of food grade piping systems for drinking water

This order is to be completed in the next couple of quarters.

Jul 23, 2021 04:07 IST India Infoline News Service

Stock Market Trader, Stock Trader, Trading
Vikas Lifecare Limited, furthering in the direction of diversifying its interest in Consumer Products Segment apart from its initial B2B businesses of polymer and plastic raw materials, which has been the forte of the Company for last so many years.

ln Consumer Products Segment, after the overwhelming response received from the Agri & Food Products business, the company has announced having venturing into the arena of food grade piping systems for drinking water.

While the Company has been exploring various opportunities embedded in the Consumer products Segment, having been closely associated as a supplier to a wide range of food grade plastic processors being an established supplier of niche and futuristic raw materials for nonp-toxic and food grade plastic raw materials.

The Company has been exploring many projects and products in food contact safe plastic products creating an amazing synergy between Company's role as an established source of raw materials and the segment producing finished consumer products, including food grade piping systems for irrigation and domestic drinking water applications.

Drinking water on one hand is a basic necessity for human population, lndia is striving towards providing safe drinking water at every doorstep to its vast population, on the other hand safe conveying systems for drinking water is an eminent requirement to meet the goal, which requires food grade conveying system for this drinking water.

The Company possesses a rich experience in sourcing and supplies of food grade plastic raw materials for food & drinking water contact applications of plastic piping systems, on one hand the efficient sourcing of appropriate raw materials, and as such the Company will get benefitted from an enviable grip on commercial and technical aspects involved as it operates the business with the final products and at the outset achieved orders for food grade plastic piping system for drinking water valued at Rs500 Million for the ongoing Jal Jeevan Mission initiated by Department of Drinking Water & Sanitation, Ministry of Jal Shakti, Government of lndia.

This order is to be completed in the next couple of quarters.

The CEO Vijay Sharma said "With the first supplies already started instantly we have marked our arrival in the segment with a bang, we are hopeful that we will be exceeding these numbers during the current financial year and encouraging figures of the initial orders have gotten the team energized & we are striving to target this business segment at warp speed."

Related Story

Open Free Demat Account (Rs699)