Vikas Lifecare gains as its arm gets technical advisory contract from Dornier Group
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Vikas Lifecare is currently trading at Rs. 4.90, up by 0.07 points or 1.45% from its previous closing of Rs. 4.83 on the BSE.
The scrip opened at Rs. 4.87 and has touched a high and low of Rs. 5.16 and Rs. 4.82 respectively. So far 6893286 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.15 on 21-Jan-2022 and a 52 week low of Rs. 3.31 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 5.16 and Rs. 4.76 respectively. The current market cap of the company is Rs. 718.37 crore.
The promoters holding in the company stood at 12.27%, while Institutions and Non-Institutions held 9.58% and 78.15% respectively.
Vikas Lifecare’s material subsidiary -- Genesis Gas Solutions (Genesis) has been awarded the contract to provide technical advisory for Optimization of Battery Storage Systems for Distribution Grid Applications by the Dornier Group GmbH at their ongoing project in Mali, Africa.
Genesis will also provide the Test Specialist and will also leverage their O&M experience for Renewable Power Projects at Mali, Africa. Genesis is poised to develop service models for India’s upcoming Power Distribution Grid Applications to support the Renewable Power Projects including Battery, Solar and Wind Power for sustainable rural towns in India. Genesis will also work in close affiliation with Dornier Group for other Renewable Energy, and Clean Energy Projects which Dornier is developing in India and the South Asian Region.
Vikas Lifecare is engaged in trading and manufacturing of polymer, rubber compounds and additives for plastics, synthetic & natural rubber.
