Time Technoplast Secures ₹87.53 Crore Order for CNG Cylinders from PSU
Time Technoplast Limited secured an order worth approximately ₹87.53 Crores for Type IV Composite CNG Mobile Storage Cascades. The order comes from a well-established PSU for its CNG and CGD network. This order reinforces the company's position as a leading manufacturer of composite cylinders.
The order value of ₹87.53 Crores is substantial and will contribute to the company's top line, but it represents a single contract, hence medium impact.
The announcement details a significant new order, which is expected to positively impact the company's revenue and market position.
Time Technoplast Limited has received an order valued at approximately ₹87.53 Crores for the supply of Type IV Composite CNG Mobile Storage Cascades. The order has been placed by a well-established Public Sector Undertaking (PSU), which is a joint venture of two Maharatna PSUs.
These cascades are intended for deployment across the PSU's CNG and City Gas Distribution (CGD) network, supporting the expansion of natural gas infrastructure for transport and industrial use within the state. This marks a repeat order from the PSU, reinforcing Time Technoplast's position as a key supplier in the sector.
The company highlights its unique status as India's first and only manufacturer with PESO approval for Type IV Composite cylinders across LPG, CNG, and hydrogen applications. These cylinders offer advantages such as lighter weight, higher gas capacity, corrosion resistance, and enhanced safety, driving their adoption by CGD companies.
A plain-language summary of a public exchange filing by Time Technoplast Limited. Read the original for the full detail.