
Time Technoplast Secures ₹87.53 Cr Order for CNG Cylinders
Time Technoplast Limited has received an order worth approximately ₹87.53 Crores from a well-established Public Sector Undertaking (PSU), a joint venture of two Maharatna PSUs. The order is for the supply of Type IV Composite CNG Cylinders - Mobile Storage Cascades, intended for deployment across the PSU's CNG and City Gas Distribution (CGD) network. This contract supports the expansion of natural gas infrastructure for transport and industrial use. The company highlights its position as India's first and only manufacturer with PESO approval for Type IV Composite cylinders across LPG, CNG, and hydrogen applications, emphasizing the advantages of these cylinders over conventional steel ones, such as lighter weight, higher capacity, and enhanced safety.
Key Highlights
- Secured order worth ₹87.53 Crores for Type IV Composite CNG Cylinders.
- Customer is a well-established PSU, a JV of two Maharatna PSUs.
- Order supports CNG and CGD network expansion.
- Reinforces company's position as India's sole PESO-approved Type IV cylinder manufacturer.
Price Impact
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