Deals17 Mar 2026, 10:48 am
Time Technoplast Receives Significant Order of Rs. 115.56 Crores from PSU for Type IV Composite CNG Cascades
AI Summary
Time Technoplast Ltd has announced receiving a significant order valued at approximately Rs. 115.56 crores from a reputed PSU for the supply of Type IV Composite CNG Cascades. This order is for deployment across City Gas Distribution (CGD) networks in India and is further reinforcement of the Company’s strong position in advanced composite cylinder and cascade solutions. The Company recorded revenues of approximately X395 Crores from its CNG Composite segment in FY 2024-25, demonstrating robust market demand. The Indian CNG Composite market is expected to grow at a CAGR exceeding 25% over the coming years, presenting a strong long-term growth runway for the Company.
Key Highlights
- Order valued at approximately Rs. 115.56 crores from a reputed PSU
- For the supply of Type IV Composite CNG Cascades
- Reinforces the Company’s strong position in advanced composite cylinder and cascade solutions
- Indian CNG Composite market expected to grow at a CAGR exceeding 25%
- Potential market size for CNG Cascades in India estimated at approximately 1,500 Crores