Time Technoplast Ltd receives GeM contract from HPCL worth Rs. 38.14 crores

Time Technoplast Limited has received a Government e-Marketplace (GeM) contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of 1,40,000 numbers of 10 kg Composite LPG Cylinders, valued at approximately Rs. 38.14 crore.

The order reflects the accelerating adoption of composite LPG cylinders by India's leading oil marketing companies, driven by their superior safety, lightweight construction and enhanced consumer convenience. It further reinforces the Company's leadership position in the composite cylinder business and supports the growing transition towards modern, customer-centric LPG distribution across the country.

The order assumes added significance as HPCL has recently introduced an innovative distribution model for composite LPG cylinders through leading quick-commerce platforms, enabling on-demand delivery to consumers. This customer-centric initiative marks an important advancement in LPG distribution by enhancing convenience and accessibility while supporting the rapid adoption of nextgeneration composite LPG cylinders. The Company's participation in this initiative underscores its continued commitment to delivering innovative and sustainable packaging solutions aligned with the evolving needs of India's energy sector.

Shares of Time Technoplast Limited was last trading in BSE at Rs. 204.05 as compared to the previous close of Rs. 199.45. The total number of shares traded during the day was 318735 in over 3324 trades.

The stock hit an intraday high of Rs. 204.75 and intraday low of 197.90. The net turnover during the day was Rs. 64365292.00.

Source : Equity Bulls

Keywords

TimeTechnoplast INE508G01029 OrderWin HPCL GeMContract