Time Technoplast bags Rs 38.14 cr HPCL composite LPG cylinder order
TIMETECHNO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Time Technoplast has won a Rs 38.14 crore order from government PSU HPCL via the GeM portal to supply 1,40,000 units of 10 kg Type IV composite LPG cylinders, to be delivered within six months. HPCL is rolling out composite cylinders through quick-commerce platforms for on-demand delivery. The order reinforces Time Technoplast's leadership in the composite cylinder segment and supports the broader shift by oil marketing companies toward safer, lightweight cylinders.
Positive. Adds near-term revenue and reinforces leadership in composite cylinders. PSU order could attract more contracts from other oil marketing companies.