Satia Industries Limited bags Rs 200cr worth paper supply contracts

Satia Industries Limited, an Indian wood and agro-based paper manufacturer, has won three contracts worth INR 200 crores for the supply of paper for printing textbooks.

The contracts have been awarded by Bal Bharti in Pune, Punjab School Education Board in Mohali, and Uttar Pradesh.

According to Satia Industries, the orders total more than 17,000 tons and are to be executed in Q4FY23.

Satia Industries Limited bags Rs 200cr worth paper supply contracts. Photo courtesy of chitsu san from Pixabay.

RK Bhandari — Satia Industries Joint Managing Director said: “These multiple order wins are reflective of our long-standing association with important customers and thank them for their trust in the quality and commitment of Satia Industries to deliver high volumes, well in time – both being imperative for delivery of textbooks to the students before the new academic year.

“Orders from text-book boards also give revenue visibility to the company at attractive prices. Such orders command higher operating margins as compared to open market.”