Satia Industries bags order worth Rs105 crore from NCERT; Stock shines 4%

6 Jul 2022 , 11:00 AM

Satia Industries Limited (SIL), one of the largest Wood and Agro-based paper manufacturers in India with a fully integrated manufacturing facility, has received an order worth Rs105 crore from National Council of Educational Research and Training (NCERT) for the supply of 11,000 tons of Maplitho paper of 80 GSM in sheets and reels for printing of text books.

Commenting on the order received, R. K. Bhandari, Joint Managing Director said, “We are pleased to announce the receipt of this order from NCERT placing their trust in our ability to deliver both quality and quantity well in time for completion of their timebound printing schedule.

We hope to continue our strong presence in this segment in the current year assuring better capacity utilization at good sales realization.”

At around 10:59 AM, Satia Industries was trading at Rs127.50 per share higher by 4% as against previous closing of Rs122.60 per share on the BSE.