
Time Technoplast Secures ₹38.14 Cr HPCL Order for LPG Cylinders
Time Technoplast Ltd has received a significant contract from Hindustan Petroleum Corporation Limited (HPCL) through the Government e-Marketplace (GeM) for the supply of 1,40,000 units of 10 kg Composite LPG Cylinders. The order is valued at approximately ₹38.14 crore. This contract highlights the increasing adoption of advanced composite LPG cylinders by major oil marketing companies due to their safety and convenience. It reinforces Time Technoplast's leadership in the composite cylinder market and aligns with the trend towards modern LPG distribution, including HPCL's innovative model with quick-commerce platforms. The order is to be executed within six months and does not involve related party transactions.
Key Highlights
- Secured ₹38.14 crore contract from HPCL for composite LPG cylinders.
- Order involves supply of 1,40,000 units of 10 kg cylinders.
- Reinforces company's leadership in composite cylinder business.
- Highlights adoption of safer, lighter LPG cylinders.
- Execution timeline is within six months.
Price Impact
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