Vipul Organics Limited Secures ₹7.15 Crore Deal with TNPL, Shares Surge
Published On : 2024-03-04T15:25:36+0530 [ IST ] |
Author : Mayur_Tembhare
Reading Time : 1 mins
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India / Tamil Nadu :
Vipul Organics Limited has made waves in the paper industry by securing a lucrative deal with Tamil Nadu News Print and Paper Limited (TNPL). The deal, valued at ₹7.15 crore, entails the supply of Blue and Violet Pigment Dye to TNPL, further solidifying Vipul Organics' position as a key player in the sector.
The announcement of the deal has had a positive impact on Vipul Organics' stock performance, with shares surging by 2.61% following the news. This significant uptick reflects investor confidence in the company's ability to secure valuable partnerships and deliver on its commitments.
At Paperex 2023, a premier event for the paper industry, Vipul Organics showcased its innovative Sunlonic range, which includes modified Basic Dyes and Cationic Dyes tailored specifically for paper applications. The company also introduced a series of Colorants designed to replace traditional dyes in paper coating processes, highlighting its commitment to innovation and sustainability in the industry.
Mihir V Shah, Executive Director of Vipul Organics Limited, expressed his enthusiasm about the company's rapid progress in becoming the preferred colorant supplier to the paper industry. He emphasized Vipul Organics' dedication to meeting the industry's evolving needs with innovative, high-quality products.
With ambitious growth targets set for the paper sector, Vipul Organics is poised for further expansion and success. The company aims to achieve a target revenue of ₹50 crore from the paper industry over the next three years, signaling its confidence in its ability to capture market opportunities and drive growth.
Investors and industry observers are optimistic about Vipul Organics' prospects, given its strong track record, innovative product offerings, and commitment to customer satisfaction. As the company continues to forge strategic partnerships and introduce cutting-edge solutions, it is well-positioned to capitalize on emerging trends and maintain its leadership position in the paper industry.
Source : Business Line
Tags : Business Deal , Vipul Organics Limited , Pigment Dye , Paperex 2023 , Paper Industry , TNPL , Colorants ,
Summary : Vipul Organics Limited has inked a significant deal with Tamil Nadu News Print and Paper Limited (TNPL) worth ₹7.15 crore for the supply of Blue and Violet Pigment Dye. Following the announcement, Vipul Organics' shares surged by 2.61%. The company's innovative Sunlonic range unveiled at Paperex 2023 has positioned it as a preferred supplier in the paper industry. With ambitious growth targets and a focus on delivering high-quality products, Vipul Organics is poised for expansion in the paper sector.
