Vikas WSP Ltd has announced about the US Court litigation to obtain a sum of US$ 40.00 Million (Approximately Rs. 276 Crore) -Southern Dist. Court Houston Judge issued Order to report the parties jointly the status of the case on 12th April, 2019 and next step to advance the litigation and court conference on 15th April, 2019.
The litigation was pending for the claim of USD 40 Million since August 2015 in the Southern District Court, Houston (USA). All evidences have since been completed on the 18th March, 2019, Southern District Court ordered to report the status by the parties on 12th April, 2019 and courts review conference is set for 15th April 2019 for USD. 40 Million claim.
Once these USD 40 Million is obtained, the company will start all its units including the newer guar gum products including that of guar proteins - a vegetal protein for oral use.
Shares of VIKAS WSP LTD. was last trading in BSE at Rs.13.28 as compared to the previous close of Rs. 11.07. The total number of shares traded during the day was 2234670 in over 2080 trades.
The stock hit an intraday high of Rs. 13.28 and intraday low of 10.46. The net turnover during the day was Rs. 28398559.