Vikas Proppant & Granite Limited receives export order for 75500 tons proppant from Russian oil and gas drilling company

Deepthi | Myequity news | Date : 24-11-2018 16:00:00 IST

Vikas Proppant & Granite Limited entered into a new niche market of Proppants manufacturing which oil and gas drillers are importing currently. Proppants are in high demand worldwide including USA, which import a lot of proppants from China. The company has planned to manufacture Proppants and mining of granite and fractured debris near Jodhpur.

Company has received an export order of 75500 tons 40mesh proppant worth Rs.448.47 Crore from TATNEFT, Russian Company, which is sixth largest oil and gas drilling company having its operations worldwide. Proppants would be shipped for their operations in Libya and Algeria.

About Vikas Proppant & Granite Limited:

Vikas Proppant & Granite Limited manufactures and sells guar gum powder in India. The company is also involved in the grading of guar splits and its derivatives. The company offers its products under the ADICOL name. Its guar gum powder have applications in the food, pharma, textile, cosmetic, deep-drilling, explosive, paper, tanneries, and other industries. The company is also involved in the mining of granite blocks and manufacturing of proppants. Vikas Proppant & Granite Limited also markets its products in the United States, Europe, Brazil, Japan, China, Australia, South Africa, and internationally.

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