Vikas Lifecare adds Crystal Sugar and allied products to its portfolio

3 Mar 2022 , 12:40 PM

Vikas Lifecare Limited has announced having added Crystal Sugar and allied products to the product portfolio to its Agro Product Business Division and is executing an Export Order for 2700 MT valued at Rs100+ million to start with.

On Thursday at around 12:42 PM, Vikas Lifecare was trading at Rs5.02 per share higher by 1.21% on Sensex.

The Company started its Agro Products Business Division this year only with Premium Cashew Nuts, Premium Rice etc. Subsequently, as a measure of backward integration, the company established a Premium Cashew Nuts processing unit at Karnataka, India which is running at optimum capacity utilisation levels, encouraged with the response it is recently decided to double the processing Cashew Nuts processing capacity.

As a long-term strategy the Company is focusing to sell of Agro Products in international markets and is continuously exporting Premium Rice. Now the addition of Crystal Sugar is also being embarked upon with an impressive Export Order.

In addition, the company has also been acquiring agricultural land parcels to expand its business initiatives in Agro Products including vivid activities and operations aiming horticultural R&D, Cultivation, Preservation and Storage of Agro Products under this Business Segment.