Time Technoplast Ltd receives additional order for supply of Composite Cylinders

Time Technoplast Ltd has received an additional order for supply of Composite cylinders (LPG) for total value of Rs.55 crores (appx). This additional demand is on account of the positive response from the end user on account of numerous advantages of using Composite cylinders like explosion proof, light weight, translucent body etc.

After successful completion of the first order and based on promising consumer acceptance, the next order has been released. Discussions are in progress also with Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL). While on the subject it is worthwhile to mention that Company continues to supply its Composite cylinders in overseas market and already having approvals for supply in more than 48 countries.

Shares of Time Technoplast Limited was last trading in BSE at Rs. 331.40 as compared to the previous close of Rs. 336.95. The total number of shares traded during the day was 52156 in over 1660 trades.

The stock hit an intraday high of Rs. 342.50 and intraday low of 328.50. The net turnover during the day was Rs. 17344418.00.

Source : Equity Bulls

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