Indrayani Biotech gains 5% on receipt of work order from TNPL

Indrayani Biotech Ltd has informed that the Company has bagged an order from TNPL (Tamilnadu Newsprint and Papers Ltd) for preparation and supply of food items to operating Industrial canteen at TNPL Unit-1 at Kagithapuram for the year 2021-22.

The order is worth of Rs6.69cr p.a.

In a regulatory filing, the company said, "It is pleased to take up the order and extending its best of services and operations across the industrial catering & services under the brand “A-Diet”.

Tamil Nadu Newsprint and Papers Limited manufactures and markets paper and paper boards in India.

At around 2:34 PM, Indrayani Biotech was trading at Rs25.25 apiece up by Rs1.2 or 4.99% on Sensex.