Vikas Proppant & Granite Ltd - Corporate Announcement For Receiving Order For Fractured Granite/Sand Debris For Rs. 2980.80 Lakh For Picking/Digging Up-To 31.12.2018 (Q-2 And Q-3 FY 2019)

This refers to the captioned subject and we want to request as under: -

1.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. The company has planned to manufacture Proppants and mining of granite and fractured debris near Jodhpur.

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

3. Company has given on contract 200 bighas land for mining to remove fractured debris from the ground upto 10 meters depth for a sum of Rs.2980.80 Lakh. These revenues would be accrued during second and third quarters of FY 2019.

4. The remaining land of approx. 100 bighas would be given for mining of fractured debris in times ahead. The estimated value of these debris is about Rs. 1490.40 Lakh.

This is for your kind information and request you to take on the record of exchange and oblige.

Pdf Link: Vikas Proppant & Granite Ltd - Corporate Announcement For Receiving Order For Fractured Granite/Sand Debris For Rs. 2980.80 Lakh For Picking/Digging Up-To 31.12.2018 (Q-2 And Q-3 FY 2019)

Source : BSE - www.bseindia.com