Vikas Lifecare’s subsidiary company -- Genesis Gas Solutions has accomplished the incorporation of ‘IGL Genesis Technologies’ the joint venture company with Indraprastha Gas (IGL). IGL Genesis Technologies has been incorporated with equity participation from IGL and Genesis Gas Solutions in the ratio of 51:49 respectively. With the incorporation of ‘IGL Genesis Technologies’, Genesis Gas Solutions has completed the inducement of its share of the Paid-Up capital amounting Rs 18.1 crore in the newly incorporated entity.
The JV Company ‘IGL Genesis Technologies’ will manufacture Diaphragm Gas Meters equipped with IoT technologies like LoRa, LoRaWAN, Bluetooth, NFC, NB-IoT etc. IGL Genesis Technologies will also indigenously develop the Softwares and Interface Programmes with in-built Smart Analytics, Dashboards and Predictive Maintenance Protocols, and Allied Systems for the Smart Meters manufactured.
Vikas Lifecare is an ISO 9001:2015 certified company, conventionally engaged in manufacturing and trading of Polymer and Rubber compounds and Specialty Additives for Plastics, Synthetic & Natural Rubber.
| Company Name | CMP |
|---|---|
| Redington | 216.00 |
| Adani Enterprises | 2235.45 |
| Amrapali Industries | 17.69 |
| Rashi Peripheral | 459.60 |
| PDS | 278.30 |
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