The Management has converted the business of Vikas Proppant & Granite Ltd and entered into a new niche market of Proppants manufacturing which ONGC and other oil and gas drillers are importing currently. The company has planned to manufacture Proppants and mining of granite and fractured debris near Jodhpur.
The Proppants is in high demand worldwide including USA, which import a lot of proppants from China.
The shareholders are informed that a meeting with TATNEFT Russia officials is organised on 14th December 2018 for considering technology transfer and 100% proppant production buy-back arrangement for next 5 years.
Shares of Vikas Proppant & Granite Ltd was last trading in BSE at Rs.2.52 as compared to the previous close of Rs. 2.48. The total number of shares traded during the day was 4460948 in over 735 trades.
The stock hit an intraday high of Rs. 2.52 and intraday low of 2.44. The net turnover during the day was Rs. 11124799.