Vzryvprom Takes a Significant Step by Going Public

Portlatishsanoat, also known as Vzryvprom, has officially launched trading of its shares under the tickers PLST and PLSTP on the Republican Stock Exchange Toshkent (RFB) as of November 5.

This move marks an important milestone in the company’s journey, expanding its financial opportunities and corporate presence in the market.

Vzryvprom has established itself as a leader in drilling and blasting operations within open pit mining, alongside a strong portfolio in constructing roads and railways. Additionally, the company provides a range of services, including building demolition and specialised blasting, showcasing its versatility and expertise in the sector.

Founded in 1935 as part of the trust Soyuzvzvzryprom, Vzryvprom has played a pivotal role in developing significant infrastructure projects, such as the Turkestan-Siberian railway and the cascade of the Chirchik and Bozsu hydroelectric power stations. Following Uzbekistan’s independence, the company has partnered with the country’s major mining enterprises and extended its services to international clients from Tajikistan, Kazakhstan and Kyrgyzstan.

Kursiv Uzbekistan highlighted the placement of NGMK’s bonds on the London Stock Exchange, emphasising the dynamic growth and activity within the region’s financial markets.