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An announcement from Vishnu Prakash R Punglia Ltd. ( (IN:VPRPL) ) is now available.
Vishnu Prakash R Punglia Limited has secured a five-year river sand mining lease in Village Kanana, Balotra district of Rajasthan, obtained through an auction and backed by all necessary statutory clearances. The contract permits annual extraction of up to 154,350 metric tonnes of river sand, with the company responsible for both mining and sale under regulatory limits, and it has already deposited the required amounts and security with the state mining authorities for execution of the agreement. Management positions this move as part of a broader diversification strategy that extends the firm’s business portfolio into mining in a controlled, asset-backed manner, complementing its existing EPC capabilities while aiming to support sustainable, long-term value creation across new verticals and geographies.
More about Vishnu Prakash R Punglia Ltd.
Vishnu Prakash R Punglia Limited is an ISO 9001:2015 certified integrated Engineering, Procurement and Construction (EPC) company founded in 1986, focused on infrastructure projects in water supply, railways, roads and irrigation networks. The company has strong in-house execution capabilities supported by a fleet of over 500 construction machines, operates across 11 Indian states, and primarily serves central and state governments, autonomous bodies and select private clients, with a strategic emphasis on EPC-only contracts that avoid HAM and BOT models to maintain prudent leverage and stable cash flows.
Average Trading Volume: 111,100
Technical Sentiment Signal: Sell
Current Market Cap: 7.84B INR
For an in-depth examination of VPRPL stock, go to TipRanks’ Overview page.