New Launch4 Mar 2025, 01:30 am
Time Technoplast to Introduce Additional PE Pipe Product for Gas Distribution, Forecasts 30% Growth in Segment
AI Summary
Time Technoplast Ltd. has decided to introduce an additional product in its existing Polyethylene (PE) pipe business, targeting the Gas Distribution industry for both public and private sectors. The company expects to boost capacity utilization with minimal adjustments to existing manufacturing equipment and processes. The development will be supported by the company’s in-house R&D team and an estimated overall capital expenditure (CAPEX) up to a maximum of Rs 8 crore. The company anticipates the benefits to begin materializing from Q2 of FY2025-26, aligning with India’s ongoing infrastructure development efforts for Gas Distribution.
Key Highlights
- Introduction of additional PE pipe product for Gas Distribution
- Targeting both public and private sectors in the Gas Distribution industry
- Boosting capacity utilization with minimal adjustments to existing manufacturing equipment and processes
- Estimated overall CAPEX up to a maximum of Rs 8 crore
- Anticipated benefits from Q2 of FY2025-26, aligning with India’s infrastructure development efforts