Time Technoplast Limited Secures Significant LPG Cylinder Order from HPCL
Time Technoplast Limited has secured a major 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) platform, is valued at approximately R 38.14 crore.The contract pertains to the supply of Type IV Composite LPG Cylinders and is scheduled for execution within a six month period. This order highlights the increasing adoption of composite cylinders by prominent oil marketing companies in India. These cylinders are favored for their lightweight construction, superior safety features, and enhanced consumer convenience.
The partnership aligns with HPCL's recent introduction of an innovative distribution model for composite LPG cylinders. This model utilizes quick-commerce platforms to facilitate on-demand delivery to consumers, representing a shift toward more accessible and customer-centric LPG distribution.
Time Technoplast Limited maintains a leadership position in the composite cylinder business. The company’s involvement in this supply chain supports the transition toward modern packaging solutions tailored for India's energy sector.
Order Specifications and Details
| Particulars | Details |
|---|---|
| Entity Awarding Order | Hindustan Petroleum Corporation Limited (HPCL) |
| Nature of Order | Supply of Product - TYPE IV Composite LPG Cylinder |
| Scope of Order | 1,40,000 numbers of 10 kg Composite LPG Cylinders |
| Order Value | R 38.14 Crores (Approx.) |
| Execution Timeline | Within six months |
| Entity Type | Domestic |
| Related Party Transaction | Not a related party |
TIMETECHNO Stock Price Movement
Time Technoplast Limited shares are climbing to ₹201.01 as of 11:10 AM today, gaining 0.81% in live trading. The stock is seeing active interest with a turnover of 3.06 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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