Time Technoplast Limited has informed the Exchange about Bagging/Receiving of orders/contracts
TIMETECHNO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Time Technoplast has been awarded a ~Rs 51 crore contract from Hindustan Petroleum Corporation Limited (HPCL), a public sector oil marketing company, to supply rigid polymer packaging products (Conipack pails) in sizes from 7.5 litres to 20 litres over a two-year period. The company secured the contract as the L1 (lowest) bidder in a competitive tender. Industrial packaging is Time Technoplast's core business, contributing around 75% of its FY25 consolidated revenue, with the segment expected to grow at 12-14% CAGR annually. The company has a wide manufacturing footprint across 11 countries and 20+ plants in India, which helps it win large tenders. This is a domestic supply order with no related-party involvement.
Positive but modest — adds a credible PSU customer win and supports the industrial packaging growth story, though the ~Rs 51 crore size is incremental to the existing order book rather than a game-changer for the stock.