Time Technoplast bags Rs 87.53 Cr Type IV CNG cylinder order from PSU
TIMETECHNO · price
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Time Technoplast has secured an order of about Rs 87.53 crore from a PSU that is a joint venture of two MAHARATNA public sector firms. The order covers supply of Type IV Composite CNG cylinders and mobile storage cascades for the customer's CNG and City Gas Distribution (CGD) network. Execution is expected within one year. The customer is a repeat buyer. The company highlights that it is India's only manufacturer with PESO approval for Type IV composite cylinders across LPG, CNG and hydrogen applications.
Positive - Rs 87.53 Cr repeat PSU order strengthens revenue visibility and supports growth in CNG and CGD infrastructure.