Time Technoplast secures ₹38.14 crore HPCL order for composite LPG cylinders
Time Technoplast secured a ₹38.14 crore order from Hindustan Petroleum Corporation Limited (HPCL) for supplying 1,40,000 Type IV Composite LPG Cylinders. The order, received via the Government e-Marketplace (GeM), is to be executed within six months and supports HPCL's new distribution model involving quick-commerce platforms.
*this image is generated using AI for illustrative purposes only.
Time Technoplast has secured a Government e-Marketplace (GeM) contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of 1,40,000 numbers of 10 kg Composite LPG Cylinders, valued at approximately ₹38.14 crore. This order underscores the accelerating adoption of composite LPG cylinders by India's leading oil marketing companies, driven by their superior safety, lightweight construction, and enhanced consumer convenience. The contract reinforces the company's leadership position in the composite cylinder business and supports the transition towards modern, customer-centric LPG distribution across the country.
The order assumes added significance as HPCL has recently introduced an innovative distribution model for composite LPG cylinders through leading quick-commerce platforms, enabling on-demand delivery to consumers. This customer-centric initiative marks an important advancement in LPG distribution by enhancing convenience and accessibility while supporting the rapid adoption of next-generation composite LPG cylinders. Time Technoplast's participation in this initiative underscores its continued commitment to delivering innovative and sustainable packaging solutions aligned with the evolving needs of India's energy sector.
Order Details
The following table outlines the key parameters of this order:
| Parameter | Details |
|---|---|
| Company: | Time Technoplast |
| Order Value: | ₹38.14 Crore (Approx.) |
| Product: | Type IV Composite LPG Cylinders |
| Quantity: | 1,40,000 numbers of 10 kg cylinders |
| Ordered By: | Hindustan Petroleum Corporation Limited (HPCL) |
| Nature of Order: | Supply of Product – TYPE IV Composite LPG Cylinder |
| Execution Period: | Within six months |
Regulatory and Classification Details
The order was awarded by a domestic entity and is classified as a supply contract. It does not fall within related party transactions, and the promoter group has no interest in the entity awarding the order. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Time Technoplast
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.32% | +15.55% | +14.09% | +13.91% | -9.31% | +388.11% |
Will HPCL's quick-commerce distribution model drive similar partnerships with other oil marketing companies?
How will this six-month execution timeline impact Time Technoplast's production capacity and quarterly revenue?
Is this contract likely to trigger larger volume orders from HPCL or other state-run energy firms?
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