Vipul Organics Ltd bags an order to supply Pigment Dyes to TamilNadu Newsprint and Paper Ltd

Vipul Organics Limited, the BSE listed (VIPULORG / 530627) leading Specialty Chemicals company in the pigments and dyes segment, today announced bagging an order from TamilNadu News Print and Paper Limited(TNPL). The order from TNPL is worth Rs. 7.15 Crore to supply Blue and Violet Pigment Dye.

Paper Dyes is a new category of business that Vipul Organics ventured into only in 2022, after spending 18 months on product innovation. SunPulp Dispersions and SunDirect Dyes are a result of the painstaking R&D into the segment and have been appreciated by the industry. In addition, at Paperex 2023, Vipul Organics launched SunIonic range of modified Basic Dyes / Cationic Dyes developed specially for paper customers who have Size Press as well as a series of Colorants which can replace the traditional dyes in paper coating application.

"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", says Mr. Mihir V Shah, Executive Director, Vipul Organics Limited.

"This order is an endorsement of the quality of our products developed for the Paper Industry. We are on course to meet our target of Rs. 50 crores from this sector over the next 3 years. We received a strong positive response to our offering for the Paper Industry through participation in B2B shows of the industry. We have been busy converting our trial orders to full orders", he adds.

In India, the dyes and pigments segment is expected to witness high growth in the Paper sector due to expanding packaging and printing industries.

Shares of Vipul Organics Ltd was last trading in BSE at Rs. 198.55 as compared to the previous close of Rs. 198.30. The total number of shares traded during the day was 7892 in over 161 trades.

The stock hit an intraday high of Rs. 206.00 and intraday low of 193.05. The net turnover during the day was Rs. 1593999.00.

Source : Equity Bulls

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