Published On:April 23 2024
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Vikas Lifecare Ltd's Agro Products Division Secures INR 500 Million in New Orders

Vikas Lifecare Limited has announced a substantial order for its Agro Products Division, securing a deal worth INR 500 million. This order, mainly for rice, strengthens the company's position in the premium and organic rice segments. Of the total value, INR 400 million is attributed to premium rice varieties, while the remaining INR 100 million represents orders for organic breeds of rice.

The company's Agro Products Division has set a target of achieving INR 4,500 million in revenue for the current financial year, compared to the INR 3,600 million in the previous year, indicating an expected year-on-year growth of over 20%.

Vikas Lifecare is pursuing a growth strategy that includes acquiring existing businesses and processing facilities to expand its operations. The company has previously acquired agro product processing facilities in Karnataka and Uttar Pradesh, accelerating its capacity expansion and enabling it to serve a broader market.

The company is committed to quality, sustainability, and customer satisfaction, constantly innovating to meet changing market demands. Its continued focus on delivering premium and organic rice products has contributed to its growing success in the agro industry.

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