Vikas Proppant Bags Proppants Export Order Worth INR 4484.7 Million
Vikas Proppant & Granite Limited had Announced export order for proppant 75500 tons from Russian oil and gas sixth largest drilling company for an aggregate amount of INR 4484.7 million (US$.62.29 million) shipment from May 2019 through September 2019.
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 the USA, which imports a lot of proppants from China.
3. The company has received an export order of 75500 tons 40mesh proppant worth INR 4484.7 million from TATNEFT, Russian Company, which is the sixth largest oil and gas drilling company having its operations worldwide. Proppants would be shipped for their operations in Libya and Algeria.
- Bagged By:
- Region:Northern India
- Industry:Petroleum & Natural Gas
- Value:INR 4484.7 Million
- Published On:2018-11-24