Satia Industries bags multiple contracts of 17000 tons of Paper worth Rs 200 crore

Satia Industries bags multiple contracts of 17000 tons of Paper worth Rs 200 crore 

Punjab, India | January 02, 2023 | The Pulp and Paper Times: 

Satia Industries Limited, one of the leading Wood and Agro-based paper manufacturers in India bagged three major contracts for supply of paper for printing textbooks from Bal Bharti, Pune, Maharashtra; Punjab School Education Board, Mohali, Punjab and UP. The order totals over 17,000 tons worth a value of almost Rs 200 crore for execution in the Q4FY23; this demonstrates buyers’ trust in Satia company’s potential to fulfil upcoming enhanced demand of writing and printing paper with New Education policy (NEP) 

Commenting on the order wins, Mr. 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 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.”

Satia Industries Limited (SIL), is one of the largest Wood and Agro-based paper manufacturer in India. SIL was incorporated by Dr. Ajay Satia in 1980 and commenced its operations in 1984 with a small capacity of 4,850 tonne per year. It surprisingly overtook many of its peer in production to achieve 1,41,525 MT in FY22 implying a capacity utilization of ~117%. SIL has successfully commissioned their PM 4 and has augmented its total installed capacity to 205,000 MTPA. In last three decades, SIL has witnessed a complete transformation in its operations and it has become fully backward integrated having integrated pulping, chemical recovery and power self-sufficiency. SIL has 540 acres of eucalyptus plantations, developed as per Karnal Technology which consumes total treated water discharge and also compliments the future wood raw material requirements.
 

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