Satia Industries Secures Multiple Contracts Valued at Rs 340 Crores.

Satia Industries Limited (BSE: 539201 and NSE Symbol SATIA), a prominent manufacturer of Wood and Agro-based paper in India, has achieved a significant milestone by winning major contracts for the supply of paper intended for printing textbooks. The contracts have been awarded by Text Book Production and Marketing (Bhubaneswar), M.P. Text Book Corporation (Bhopal), Rajasthan State Textbook Corporation (Jaipur), and Maharashtra State Bureau of Textbook Production & Curriculum Research (MSBT) Pune. These contracts collectively amount to 34,000 metric tons of paper, with a total value exceeding Rs. 340 crores. The contracts are aimed at meeting the immediate demand for paper to print educational books, underscoring the trust placed in Satia Industries and its capacity to cater to the growing demand for writing and printing paper, driven by the New Education Policy (NEP).

Commenting on these notable contract wins, Mr. Chirag Satia, Executive Director of Satia Industries, expressed his gratitude and stated, "These multiple contract wins reflect our enduring partnerships with significant customers, and we thank them for their confidence in the quality and commitment of Satia Industries. We are dedicated to delivering high volumes within the stipulated time frame, which is crucial for ensuring that textbooks reach students before the start of the new academic year. Orders from textbook boards also provide revenue visibility to the company, and they are secured at attractive prices. Such contracts typically yield higher operating margins compared to open market transactions."

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