Vikas Proppant & Granite Ltd has recently 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 company has started implementation of its projects. The orders for the plant and equipments to be installed for manufacturing these premium grade proppants (UNIT-2) at Kaparda District Jodhpur (47 KM from Jodhpur - on way to Jaipur) is under the process of negotiations with multinational equipment fabricators and the same is under designing process.
On 26th February 2019, Mining Engineer, Jodhpur has issued instruction letter bearing No. Kha/Jod/A.P/Khatedari/2019-20/7424 to Superintending Geological Scientist, Mines & Geo-Science Department, Jodhpur to submit its survey for estimated quantity of granite deposits of Khasra No. 10/2 for issuance of mining license as per Raj. Government guidelines issued on 8th August 2018.
Therefore, the Mining License is expected to be issued latest by early next week.
Shares of Vikas Proppant & Granite Ltd was last trading in BSE at Rs.7.93 as compared to the previous close of Rs. 7.78. The total number of shares traded during the day was 206310 in over 43 trades.
The stock hit an intraday high of Rs. 7.93 and intraday low of 7.93. The net turnover during the day was Rs. 1636038.