Satia Industries secures Rs 96.5cr contracts for textbook printing paper

Satia Industries Limited, a wood and agro-based paper manufacturer in India, has clinched major contracts for supplying paper for textbook printing. The orders, valued at a cumulative Rs 96.50 crores, come from Odisha, Himachal Pradesh, and West Bengal. The contracts signal robust confidence in Satia Industries‘ capability to meet the rising demand for writing and printing paper, particularly in light of India’s New Education Policy (NEP).

RK Bhandari, JMD of Satia Industries, Highlights Customer Trust

Commenting on the multi-state contract wins, RK Bhandari, Joint Managing Director of Satia Industries, remarked, “These multiple order wins reflect our long-standing relationships with key customers. We extend our gratitude for their trust in the quality and timeliness that Satia Industries brings to the table.” According to Bhandari, these textbook orders are critical for ensuring delivery before the new academic year commences.

Contracts Offer Revenue Visibility and Higher Operating Margins

Bhandari also emphasized that orders from textbook boards give the company a clearer visibility of revenue at attractive price points. These orders, he noted, usually come with higher operating margins when compared to the open market, thereby presenting a financially beneficial opportunity for the company.

Conclusion: Satia Industries Solidifies Position in Paper Manufacturing

The acquisition of these substantial contracts further cements Satia Industries’ standing as a top-tier wood and agro-based paper manufacturer in India. With a total contract value of Rs 96.5 crores, the company is poised for notable revenue growth while playing a significant role in the educational sector. The deal serves as a strong endorsement of Satia Industries’ quality, reliability, and the capability to fulfill large-scale, time-sensitive orders.