Time Technoplast Ltd receives additional order of Rs. 25 crores

Time Technoplast Ltd has received additional order of INR 25 Crores (approx.) from Maharashtra Natural Gas Limited (MNGL), a Joint Venture of GAIL (India) and BPCL. The company had earlier received order for INR 134 Crores. With this, the total order from MNGL stands at INR 159 Crores (approx.), to be supplied within next one year.

The order is for supply of CNG Cascades made from Type - IV Composite Cylinder. The supply of the order will be completed within one year. Buyer reserve the right to place a repeat order within six months of upto 50% of present purchase order value on the same terms and conditions (including rates).

Shares of Time Technoplast Limited was last trading in BSE at Rs. 81.05 as compared to the previous close of Rs. 81.75. The total number of shares traded during the day was 47375 in over 1018 trades.

The stock hit an intraday high of Rs. 82.60 and intraday low of 80.30. The net turnover during the day was Rs. 3849277.00.

Source : Equity Bulls

Keywords

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