Friday, September 21, 2007

Vikas WSP informs Expansion Plans to BSE

Vikas WSP Ltd. today(21/09/2007) has informed Bombay Stock Exchange(BSE) about its Expansion Plans vide below notice Published at BSE site.

"Vikas WSP Ltd has informed BSE that the Company has planned to establish following plants:

1. Plant at Bikaner - Exclusively for organic products:

Company has planned to establish a plant at Khara, RIICO, Bikaner to produce certified ORGANIC PRODUCTS viz.. Guar Gum Polymers, Psyllium Husk / Powder and other organic products. The plant is expected to put on stream in FY 2009-10 and would entail a capital investment as under:-

- Land, Building & plant & machinery : Rs 200 Cr

- Financing the farmers to grow organic : Rs 160 Cr
crops like Guar, Psyllium and other
organic crops on 6.20 Lakh hectares.

2. Guar derivative plant at GIDC Savli, Baroda:

Company has planned to establish guar derivative plant to produce Hydroxypropylguar, Carboxymethylhydroxypropylguar and cationic guar to be used for fracturing of oil and gas wells and also for personnel care market. The plant is expected to put on stream in 2010-11 and would entail a capital investment as under:-

- Land 7.5 Acres (already purchased) : Nil

- Building & Plant & Machinery : Rs 375 Cr

Total of 1 + 2 = Rs 735 Cr

Planned funding arrangement -

The funding of these plants will be discussed in ensuing Board of Directors meeting.

3. Projected turnover of the Company is mentioned below:

On the basis of implementation of above plants, Company has made its discreet projections as under:-

a. During the FY 2007-08 (Current Year) : Rs 325 Cr

b. During the FY 2008-09 : Rs 435 Cr

c. During the FY 2009-10 : Rs 850 Cr

d. During the FY 2010-11 : Rs 1225 Cr."

The above notice can be accessed at this Link of BSE here

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