Vakrangee to set up Vakrangee Kendra outlets across the network of Nayara Energy

Vakrangee Limited (VL) has tied up with Nayara Energy Limited for setting up Vakrangee Kendra outlets at its Nayara retail fuel outlets. Nayara Energy Limited is a privately-held downstream oil company based in Mumbai, India, that encompasses refining, marketing, production and a network of over 6,000+ retail fuel outlets in India. It operates India's second-largest oil refinery in Vadinar, Gujarat.

Vakrangee will be setting up NextGen Vakrangee kendras outlets in Nayara retail fuel outlets located PAN India. Citizens, in these areas shall now be able to visit nearest Vakrangee Kendra and enjoy a comprehensive range of products and services across Banking, ATM, Insurance, Financial Services including Demat & Trading account opening, Assisted e-Commerce, eGovernance, and logistics.

This tie up would significantly increase the customer touch points at the Vakrangee Kendra outlets and ensure a boost in its core objective i.e. Financial Inclusion, providing Digital India services, Social Inclusion, Employment Generation and Skill Development.

Shares of Vakrangee Limited was last trading in BSE at Rs. 43.45 as compared to the previous close of Rs. 43.90. The total number of shares traded during the day was 1516250 in over 4448 trades.

The stock hit an intraday high of Rs. 45.25 and intraday low of 42.80. The net turnover during the day was Rs. 66369655.00.

Source : Equity Bulls

Keywords

Vakrangee INE051B01021 NayaraEnergy VakrangeeKendra RetailFuelOutlets