Time Technoplast has announced a major business development with the securing of a substantial contract valued at approximately ₹510 crores. This significant contract win represents a notable milestone for the plastic products manufacturer.

Contract Details

The company has successfully secured this large-scale contract, though specific details regarding the contract duration, client identity, and project scope have not been disclosed in the announcement.

Business Impact

This contract represents a substantial addition to Time Technoplast's order book and is expected to contribute significantly to the company's revenue pipeline. The magnitude of this contract underscores the company's competitive capabilities in securing large-scale business opportunities within the plastic products industry.

Company Profile

Time Technoplast operates in the plastic products sector and has demonstrated its ability to compete for and win substantial contracts in its operational domain. This latest contract win reflects the company's market positioning and business development capabilities.

Time Technoplast has secured a substantial supply contract worth approximately ₹51.00 crores from Hindustan Petroleum Corporation Limited (HPCL), as disclosed under SEBI regulatory requirements. The contract represents a significant business development for the polymer packaging specialist.

Contract Details and Specifications

The awarded contract involves the domestic supply of rigid polymer packaging products, specifically Conipack Pails, to HPCL. The agreement encompasses supply of goods as per a predetermined delivery schedule, with payment security ensured through appropriate financial instruments.

Execution Timeline and Terms

The contract is structured for execution over a two-year period, with dispatches to be made according to HPCL's specific delivery schedule. This extended timeline provides Time Technoplast with sustained revenue visibility and operational planning flexibility for the contracted products.

Regulatory Compliance and Transparency

The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The company has confirmed several key compliance aspects:

• No promoter or group company interest in the awarding entity
• The contract does not constitute a related party transaction
• All terms are conducted at arm's length basis
• Payment security arrangements are in place

Business Impact

This HPCL contract reinforces Time Technoplast's position in the rigid polymer packaging segment, particularly in serving major public sector enterprises. The ₹51.00 crore value represents a meaningful addition to the company's order book, providing revenue certainty over the two-year execution period while strengthening its relationship with one of India's leading petroleum companies.