Utkal Speciality Industries Lands Export Order for Paper Bottom Roll Valued at Rs 12,85,102.08
Utkal Speciality Industries India Limited has secured a new international export order for its specialized paper products. The contract details the supply of Paper Bottom Rolls to a UAE-based customer and holds a total aggregate value of Rs 12,85,102.08.The company received the contract from BINGO PAPER CUPS DISHES AND TRAYS MANUFACTURING. This export order involves delivering Paper Bottom Roll with specifications including 64 MM size, 190 GSM, and 18 PE (16 MT). The delivery period for the contracted goods is set at 30 days.
The transaction represents a normal course of business for Utkal Speciality Industries India Limited. While the contract was secured from an international entity, providing the supply in the export segment, the order also carried a commercial value equivalent to USD 13,600 on an FOB basis.
Key details regarding the newly awarded contract are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Order | BINGO PAPER CUPS DISHES AND TRAYS MANUFACTURING |
| Nature of Order | Export order for supply of Paper Bottom Roll (64 MM, 190 GSM) |
| Total Order Value (INR) | Rs 12,85,102.08 |
| Equivalent FOB Value | USD 13,600 |
| Payment Terms | 30% advance and 70% before shipment |
| Delivery Timeline | 30 days |
The contract details confirmed that the Promoter or the Promoter Group has no interest in the entity that awarded the order. The company's specialized products are being exported to the UAE market, ensuring continued expansion in international trade.
UTKAL Stock Price Movement
Shares of Utkal Speciality Industries India Limited slipped sharply today, shedding 4.93% to settle at ₹46.25 after the equity closed significantly down from its previous close. The decline saw the stock plummet to its 52-week LOW at ₹46.25, with a volume reported of 4,000 shares during trading.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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