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Vikas Proppant & Granite enters business of proppants manufacturing

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Capital Market 

Vikas Proppant & Granite announced that the Management has converted the business of the company and entered into a new niche market of Proppants manufacturing which ONGC and other oil and gas drillers are importing currently.

Proppants is in high demand worldwide including USA, which import a lot of proppants from China.

The Company has commenced the mining in its mines in Rajasthan from 15 June 2018 and management expect a turnover of around Rs. 10 to 15 crore in first quarter of F. Y. 2018-19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Fri, June 15 2018. 16:12 IST