Vikas WSP receives export order worth Rs 119 crore
DSIJ Intelligence / 21 Jul 2017
Vikas WSP said that the company has received export orders worth Rs 119 crore for new guar gum product 'Thermo Guar-30'.
In a BSE filing on Friday, Vikas WSP said that the company has received export orders worth Rs 119 crore for new guar gum product 'Thermo Guar-30'. The stock of the company breached upper circuit at Rs 10.30 and witnessed a spurt in volume by 2.92 times during Friday’s trade on the BSE.
The company also said that it had developed a new Guar Gum product and had already filed a patent for the afore said product.
The new product has been accepted for use by Unilever Global, Nestle and other customers of the company in China and Germany. Export orders for an aggregate amount of Rs 119 crore have been received by the company for shipment in the next two quarters, said the statement.
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