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Time Technoplast Secures ₹40.6 Crore Order for Type IV Cylinders

Synopsis:

Time Technoplast has received a ₹40.64 crore order for Type IV cylinders from a government joint venture PSU. The deal strengthens the company’s position in the industrial sector. Time Technoplast share price remains in focus as investors react to the announcement.


Time Technoplast has secured an order worth ₹40.64 crore for the supply of Type IV cylinders – Mobile Storage Cascades. The order has been placed by a public sector undertaking (PSU) that is a joint venture of government-owned enterprises. The contract is expected to boost the company’s revenue and expand its foothold in the high-pressure storage solutions sector.

Also read: Government Plans Uniform Toll Policy to Ease Commuter Burden on Highways

TIME TECHNOPLAST LTD.

Trade

405.9-0.20 (-0.04 %)

Updated - 07 February 2025
413.00day high
DAY HIGH
401.40day low
DAY LOW
689396
VOLUME (BSE)

Key Takeaways:

  • Time Technoplast has won a ₹40.64 crore order for Type IV cylinders – Mobile Storage Cascades.

  • The order has been placed by a government joint venture PSU.

  • The deal strengthens Time Technoplast’s presence in the industrial gas storage sector.

  • Investors are monitoring Time Technoplast share price following the announcement.

  • The company continues to expand in the high-pressure composite cylinder segment.

Also read: Mahindra Lifespaces Secures ₹950 Crore Order for Mumbai Redevelopment

Impact on Business and Market Outlook

The latest order aligns with Time Technoplast’s strategy of expanding its high-pressure cylinder division, which caters to sectors such as industrial gas, hydrogen storage, and alternative energy solutions. The supply of Type IV cylinders – Mobile Storage Cascades highlights the company’s growing presence in government-backed infrastructure projects.

Investors are closely watching Time Technoplast share price, as large-scale government contracts often influence market sentiment. The stock's movement in the coming days will indicate how the market perceives this development.

Time Technoplast’s Recent Order Value Breakdown

Order Details

Value (₹ Crore)

Type IV Cylinders – Mobile Cascades

40.64

Total Order Value

40.64

Future Outlook

This order strengthens Time Technoplast’s position in the composite cylinder manufacturing industry, particularly in high-pressure storage applications. With rising demand for alternative fuel storage solutions, the company is well-positioned to secure more government and private sector contracts.

Time Technoplast share price will be closely monitored, as investors assess the long-term revenue potential from this contract. The company's continued expansion into high-growth sectors could drive positive market sentiment in the coming quarters.

Also read: Bank of Baroda to Consider Capital Raising via QIP on February 13

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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