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Vikas Proppant gains on getting LOI licences for mining of granite, manufacturing of proppant

12 Nov 2018 Evaluate

Vikas Proppant & Granite is currently trading at Rs. 2.05, up by 0.04 points or 1.99% from its previous closing of Rs. 2.01 on the BSE.

The scrip opened at Rs. 2.05 and has touched a high and low of Rs. 2.05 and Rs. 2.05 respectively.

The BSE group 'X' stock of face value Rs. 1 has touched a 52 week high of Rs. 2.05 on 12-Nov-2018 and a 52 week low of Rs. 0.50 on 19-Dec-2017.

Last one week high and low of the scrip stood at Rs. 2.05 and Rs. 1.92 respectively. The current market cap of the company is Rs. 37.14 crore.

The promoters holding in the company stood at 6.35%, while Non-Institutions held 93.65% stake in the company.

Vikas Proppant & Granite has received LOI licences subject to Environment Clearance for mining of granite and manufacturing of proppant in its forthcoming factory at Boronada RIICO Industrial Area, Jodhpur having its production capacity of 300000 Tons per annum.

The company is also under the process of negotiation of an export order of 80000 tons 40 mesh proppant worth Rs 481.80 crore from a Russian Company, which is sixth largest oil and gas drilling company having its operations worldwide. The export order is expected to confirm within couple of days for their operations in Angola and Libya for shipment during April 2019 through September 2019.

Vikas Proppant & Granite (Formerly known as Vikas Granaries) is an India-based company, which is engaged in manufacturing and grading of guar gum powder and grading of guar splits and its derivatives.

Vikas Proppant&Gran. Share Price

0.30 0.01 (3.45%)
21-Apr-2026 16:59 View Price Chart
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