Vikas Proppant & Granite is currently buying and selling at Rs. 9.Ninety nine, up by means of 0.19 points or 1.94% from its preceding ultimate of Rs. Nine.Eighty on the BSE.

The scrip opened at Rs. Nine.99 and has touched a excessive and occasional of Rs. Nine.99 and Rs. 9.Ninety nine respectively. So some distance 286338 stocks had been traded on the counter.

The BSE organization ‘X’ inventory of face value Rs. 1 has touched a 52 week excessive of Rs. 9.Eighty on 15-Mar-2019 and a fifty two week low of Rs. 0.72 on 07-Jun-2018.
Last one week high and coffee of the scrip stood at Rs. 9.Eighty and Rs. Eight.90 respectively. The cutting-edge market cap of the business enterprise is Rs. 505.67 crore.

The promoters retaining within the employer stood at 24.70% even as Non-Institutions held seventy five.30%.

Vikas Proppant & Granite has decided to go into into a new niche marketplace of Proppants manufacturing which ONGC and different oil and gas drillers are uploading presently. The company has planned to manufacture Proppants and mining of granite and fractured particles near Jodhpur.

The fee of plant and equipments to be mounted for manufacturing the top rate grade proppants at Kaparda District Jodhpur (47 KM from Jodhpur – on manner to Jaipur) is arrived at Rs 86.Seventy two crore. These orders were finalized with the German fabricators after finishing negotiations and their design drawings. The expected delivery period of the plant and equipment would start give up of 2020 and anticipated to component into production sometime in 2021.