Breaking News The Gujrat Gas Awards Rs. 49.5 crore Order to VLL Subssidaiary. The Quarter 2 PAT is up Over Twofold. As it has been recorded with 27 city gas distribution licenses, the Gujrat Gas has officially spread in a total of 43 districts in half a dozen states. It has been said that if it continues to hold the leadership[ position in the CGD industry in terms of the size and scale of operation. Vikas Lifecare (VLL), the recycling company subsidiary of Genesesdis Gas Solutions has now completely secured the new order from the entire city gas distribution company Gujrat Gas Ltd. Read the entire article to learn every single piece of this topic.
Gujrat Gas is one of India’s biggest city gas distribution companies. The company has now awarded orders to supply the 40,000 gas meters. The entire value of the order is worth around Rs. 49.5 crore. Vikas Lifecare (VLL), owns a total of 95% stake in Genesis which is officially engaged in the business of developing smart products including smart gas meters and power distribution solutions for the infrastructure segment. Scroll down to the next paragraph of this article to learn more.
According to the reports, the Gujrat Gas is spread across 43 districts in the half dozen states. It is continuing to hold a leadership position in the CGD industry in the way of its size and style of operation. Reports have shown that over 16.56 lakh households, more than 13,500 commercial customers, 653 CNG stations, over 32,00 km of the natural gas pipeline network, and close to 4,300 industrial units. Gujrat gas is officially claiming to flow approx total gas volume which is close to 11,40 Million Metric Standard Cubic Meters every single day. It has been reported that the VLL has recorded a net profit of Rs. 7.17 crore for the September 2023 Quarter which helped in reducing the expenses. To know more, just look at the next paragraph.
As per the source, it has recorded a net profit of Rs. 2.49 crore in the year-ago period, this was stated by the officials on 16th November 2023, Thursday in a statement. Currently, the total income of the company has declined to Rs. 110.60 crores over Rs. 129.57 crores in the year-ago quarter and it has been announced that the expense has been trimmed to Rs. 103.27 crores against Rs. 124.50 crores a year ago. VLL recycles the plastic waste to manufacture pallets and interlocking tile for the industrial applicants which also includes construction.