Vikas Lifecare’s subsidiary company -- Genesis Gas Solutions (Genesis) has entered into Joint Venture agreement with Indraprastha Gas (IGL) to set up India’s first Integrated Smart Meter Manufacturing Plant with Capital Expenditure of Rs 110.00 crore. IGL and Genesis joined hands to establish India's first Integrated State-of-the-Art Smart Meter Manufacturing Plant to manufacture Diaphragm Gas Meters equipped with IoT technologies like LoRa, LoRaWAN, Bluetooth, NFC, NB-IoT etc. These Smart Meters shall provide much needed solutions to manage consumers’ energy demand and metering with utmost accuracy and on real time basis. Initially, the Smart Meter Manufacturing Plant shall have installed capacity to manufacture 1 million meters annually, and is planned to be operational by April 2024.
Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.
| Company Name | CMP |
|---|---|
| Redington | 221.75 |
| Adani Enterprises | 2483.55 |
| Amrapali Industries | 17.43 |
| Rashi Peripheral | 477.05 |
| PDS | 279.45 |
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