New Education Policy: Satia Industries bags multiple contracts worth Rs 340 crores

New Education Policy: Satia Industries bags multiple contracts worth Rs 340 crores 

The Pulp and Paper Times| Punjab, India | October 21, 2023: 

Satia Industries Limited, one of the leading Wood and Agro-based paper manufacturers in India bagged major contracts for supply of paper for printing textbooks from Text Book Production and Marketing (Bhuvneshwar), M.P. Text Book Corporation (Bhopal), Rajasthan State Textbook Corporation (Jaipur), Maharashtra State Bureau of Textbook Production & Curriculum Research (MSBT) Pune for 34000 MT valuing over Rs 340 crores for their immediate requirement of paper for printing of Books. This demonstrates buyers’ trust in the Company and its potential to fulfil upcoming enhanced demand of writing and printing paper with New Education policy (NEP) .

Commenting on the order wins, Mr. Chirag Satia, Executive 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 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. 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 selfsufficiency. 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. SIL has a strong Pan-India distribution network with 70+ dealer and 3 branch offices located in Delhi, Chandigarh & Jaipur with total Employee strength of 2,019+.
 

Web Title: New Education Policy: Satia Industries bags multiple contracts worth Rs 340 crores