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Vikas Granaries to abandon guar gum polymers export business

Vikas Granaries' management has decided that in future guar gum polymers export business of the company will be abandoned completely and this business will be done by Group's listed company Vikas WSP alone, thereby consolidating the business under one roof.

The company in future will undertake the manufacturing business of Proppants (Frac sand) for use in oil and gas wells fracturing and drilling globally including India. ONGC and other companies are buying a lot of Proppants by inviting tenders.

Further, the company has planned to manufacture Proppants out of wastes/scraps of the granite projected to be mined from the mines nearby Jodhpur. Proppants and granite tiles/slabs would be a focused business of the company in times ahead.

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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