Rs 195 Crore Order Book: This Small-Cap Industrial Packaging Company Secures Rs 38.14 Crore HPCL Order for Composite LPG Cylinders

On Friday, Indian equity benchmarks ended higher, with the benchmark Nifty 50 index gaining 261.55 points, or 1.09 per cent, to close at 24,334.30. Amid the broader market rally, Time Technoplast share price gained 2.32 per cent to Rs 204.03 after the company announced that it had secured a Rs 38.14 crore order from Hindustan Petroleum Corporation Limited (HPCL).

Time Technoplast Order Details

Time Technoplast informed the exchanges that it has received a Government e-Marketplace (GeM) contract from HPCL for the supply of 1,40,000 Type IV Composite LPG Cylinders (10 kg), valued at approximately Rs 38.14 crore. The order will be executed within six months.

The company stated that the order reflects the increasing adoption of composite LPG cylinders by India's oil marketing companies due to their enhanced safety, lightweight design and improved consumer convenience. It added that the contract strengthens its leadership in the composite cylinder segment and supports the transition towards modern LPG distribution across the country.

Time Technoplast also noted that HPCL has recently introduced a distribution model through leading quick-commerce platforms for composite LPG cylinders, enabling on-demand delivery to consumers. According to the company, its participation in this initiative highlights its commitment to providing innovative and sustainable packaging solutions for India's energy sector.

Additional Details

The company clarified that the contract has been awarded by a domestic entity and does not constitute a related-party transaction. It also confirmed that neither the promoter nor the promoter group has any interest in the entity awarding the contract.

About Time Technoplast

Time Technoplast Limited is a multinational manufacturer of technology-driven polymer and composite products. The company operates across industrial packaging, infrastructure, automotive, lifestyle and material handling segments, serving customers in India and international markets.

The company is one of the leading manufacturers of Type IV Composite LPG Cylinders, industrial packaging products and composite solutions. It focuses on developing lightweight, sustainable and value-added products for energy, industrial and infrastructure applications.

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Disclaimer: The article is for informational purposes only and not investment advice.