Satia Industries bags multiple orders worth Rs 200 crore
Jan 02, 2023
Muktsar (Punjab) [India], January 2 : Leading wood and agro-based paper manufacturer Satia Industries on Monday said it bagged three major contracts for the supply of paper for printing textbooks from Bal Bharti, Pune, Maharashtra; Punjab School Education Board, Mohali, Punjab and Uttar Pradesh.
The orders totalled over 17,000 tonne, worth Rs 200 crore, for the execution in the fourth quarter of 2022-23 (Q4FY23), according to the company's statement.
Commenting on the order wins, RK Bhandari, joint managing director of Satia Industries, 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 the delivery of textbooks to the students before the new academic year."
He added, "Orders from text-book boards also give revenue visibility to the company at attractive prices. Such orders command higher operating margins as compared to the open market."
