Further to our earlier intimation dated March 03, 2025, regarding the planned introduction of Polyethylene (PE) Pipes for the Gas Distribution sector, we wish to inform you that the company has successfully obtained Bureau of Indian Standards (BIS) License under IS 14885:2022 for the manufacturing and sale of PE Pipes for Gas Distribution networks.
TIMETECHNO · price
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Time Technoplast has received the Bureau of Indian Standards (BIS) License under IS 14885:2022 for manufacturing and selling Polyethylene (PE) Pipes for Gas Distribution networks. This milestone was achieved within the committed Q2 FY26 timeline, as outlined in their earlier intimation dated March 3, 2025. The company already supplies PE Pipes across water supply, irrigation, sewage, and other sectors, and is now targeting 20+ public and private Gas Distribution companies. The India PE Pipe market is projected to reach $13.7 billion by 2029, and this license supports the company's forecasted 30% growth in the PE pipe segment with minimal additional investment.
This regulatory approval enables Time Technoplast to enter the gas distribution piping market, opening a new revenue stream in a high-growth sector. The development is positive for shareholders as it supports the 30% growth forecast in the PE pipe segment without requiring major capex.