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Vikas Proppant gets LOI licences for mining of granite, manufacturing of proppant

Vikas Proppant gets LOI licences for mining of granite, manufacturing of proppant

Vikas Proppant & Granite has received LOI licences subject to Environment Clearance for mining of granite and manufacturing of proppant in its forthcoming factory at Boronada RIICO Industrial Area, Jodhpur having its production capacity of 300000 Tons per annum.

The company is also under the process of negotiation of an export order of 80000 tons 40 mesh proppant worth Rs 481.80 crore from a Russian Company, which is sixth largest oil and gas drilling company having its operations worldwide. The export order is expected to confirm within couple of days for their operations in Angola and Libya for shipment during April 2019 through September 2019.

Vikas Proppant & Granite (Formerly known as Vikas Granaries) is an India-based company, which is engaged in manufacturing and grading of guar gum powder and grading of guar splits and its derivatives.

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