Time Technoplast Limited Secures Major Order from HPCL for Composite LPG Cylinders
Time Technoplast Limited has secured a significant contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of 1,40,000 units of 10 kg Composite LPG Cylinders. The order, received through the Government e-Marketplace (GeM), is valued at approximately Rs 38.14 crore.The award highlights the increasing adoption of composite LPG cylinders by major oil marketing companies in India. These cylinders are preferred due to their lightweight construction, superior safety features, and enhanced consumer convenience. This contract reinforces Time Technoplast Limited's position in the composite cylinder market and supports the national shift toward modern, customer-centric LPG distribution systems.
The order gains additional importance as HPCL has launched an innovative distribution model for composite LPG cylinders via leading quick-commerce platforms. This initiative facilitates on-demand delivery to consumers, improving accessibility and convenience. Time Technoplast Limited's involvement in this project aligns with the company's focus on providing sustainable packaging solutions for the evolving requirements of the energy sector.
The contract is for the supply of Type IV Composite LPG Cylinders and is scheduled for execution within a period of six months. The transaction is categorized as a domestic order and does not involve any related party transactions.
| Particulars | Details |
|---|---|
| Entity Awarding Order | Hindustan Petroleum Corporation Limited (HPCL) |
| Product Type | Type IV Composite LPG Cylinder |
| Quantity | 1,40,000 Numbers |
| Total Value | Rs 38.14 Crores (Approx.) |
| Execution Timeline | Within six months |
| Order Nature | Domestic |
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