Paragon Fine & Speciality Chemical Secures Contracts Totaling 310 Million Rupees, Enhancing Growth Prospects

Paragon Fine and Specialty Chemicals informed on the two major contracts that responded to loading its order book. The company received two sales orders, worth 150 million rupees and another 160 million. These new awards, altogether valued at 310 million rupees, are expected to strengthen the position of Paragon in the specialty chemical market. Besides this, recent expansions by the company through the purchase of land at Viramgam for setting up a multi-purpose warehouse and investment in machinery are expected to support the execution of these new orders. This development dovetails with Paragon's growth strategy and is likely to boost turn over in months to come.

 

Source: Business Standard