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Vikas Granaries to add new products to its portfolio

26 Sep 2016 Evaluate

Vikas Granaries has decided to add new products to its current product portfolio due to shrinking demand of its products (Guar Gum Powder for oil drilling) and declining margins. Accordingly, the company has planned for renovation/technological up-gradation of its existing plant at Chandisar in Gujarat.

The production shall be completely closed for renovation till the technological up-gradation/renovation is completed. The proposed technological up-gradation/renovation of its plant shall widen product portfolio. This will help in increasing the turnover of the company and improve the profitability as well.

Vikas Granaries offers standardized range of ADICOL guar gum powder, which commands a good recognition among its users. The plant and testing laboratory equipped with modern equipment and technology meets the international standards and has become one of the most reliable sources of supply to international quality buyers. The company has business presence across the world, which includes USA Europe, Brazil, Japan, China, Australia, South Africa, etc.

Peers
Company Name CMP
Godrej Industries 1127.00
SRF 2483.00
BASF India 3665.15
Pidilite Inds. 1567.45
Tata Chemicals 612.10
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