Vipul Organics Bags Order for Pigment Dyes Supply; Shares Surge

Vipul Organics Limited witnessed a 2.61% surge in its shares following the announcement of a significant deal with Tamil Nadu News Print and Paper Limited (TNPL). Under this agreement, Vipul Organics will supply Blue and Violet Pigment Dye to TNPL, with the contract valued at ₹7.15 crore.

The deal comes on the heels of Vipul Organics' participation in Paperex 2023, where they unveiled their Sunlonic range. This product line includes modified Basic Dyes and Cationic Dyes tailored specifically for paper applications, as well as a series of Colorants intended to replace traditional dyes in paper coating processes.

Mihir V Shah, Executive Director of Vipul Organics Limited, expressed his enthusiasm, stating, "Within 2 years, we have become the preferred colorant suppliers to the paper industry. It is exciting to be able to meet the requirements of the industry and be known for our innovative, high-quality products for the industry."

Looking ahead, the company has set an ambitious target of ₹50 crore from the paper sector over the next three years, indicating its confidence in its growth prospects within the industry.

HBL