Business News | Satia Industries Bags Multiple Orders Worth Rs 200 Crore
Get latest articles and stories on Business at LatestLY. 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.
Muktsar (Punjab) [India], January 2 (ANI): 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." (ANI)
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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)