Vipul Organics Limited bags an order to supply Pigment Dyes to Tamil Nadu Newsprint and Paper Limited (TNPL)
Press Release, Mar 5, 2024, 11:04 AM IST
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.
About Vipul Organics Limited:
Vipul Organics Limited is a BSE Listed (VIPULORG / 530627) leading Specialty Chemicals company in the Pigments and Dyes segment. Today, it is amongst the foremost manufacturers of Pigments, Dyestuff, Lake Colours and Pigment Intermediaries / Fast Salts in the country. It has 3 manufacturing facilities spread across Maharashtra and has global footprint in over 50 countries. Vipul Organics ended the financial year 2022-23 with revenues of Rs.134 Crore.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Pune court asks police to probe bribery allegations against IT major Cognizant
Patanjali Foods to evaluate proposal to buy Patanjali Ayurved’s non-food business
Nifty, Sensex rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
IndiGo, Air India plan to purchase up to 170 wide-body planes in little over a year
Kotak Mahindra Bank shares tank 13%; mcap erodes by Rs 37,721 crore post RBI action
MUST WATCH
Latest Additions
Light rain, thunderstorm in part of Rajasthan
Trinamool Congress lodges complaint with West Bengal CEO against CBI Sandeshkhali raid
GT eye collective improvement against refreshed RCB
BJP’s condition will worsen in remaining phases of LS polls: Akhilesh Yadav
Malayalam hit ‘Manjummel Boys’ to stream on Disney+ Hotstar from May 5