Stock jumps 4% after it launches new product in its polyethylene pipe business for the gas distribution industryStock jumps 4% after it launches new product in its polyethylene pipe business for the gas distribution industry

Introduction:

Leading polymer solutions provider is expanding its PE pipe segment by introducing specialized pipes for gas distribution. This move enhances infrastructure support, leveraging PE pipes’ durability and efficiency while aligning with national initiatives like Smart Cities and PM Ujjwala Yojana.

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Share price movement of Time Technoplast:

On March 4, 2025, Time Technoplast Ltd. opened at ₹350.40, down 0.562% from its previous close of ₹352.65. The stock reached a high of ₹366.30 (up 4.57%) and a low of ₹348.00. By 10:55 AM, it traded at ₹364.70, with a market cap of ₹8,276.10 crore.

Time Technoplast Expands PE Pipe Segment for Gas Distribution:

Time Technoplast is set to enhance its Polyethylene (PE) pipe business by introducing PE pipes for the gas distribution sector. This strategic move aims to strengthen its presence in infrastructure, leveraging PE pipes’ lightweight, durability, and long lifespan benefits.

The company already supplies PE pipes across sectors like water supply, irrigation, sewage, and power plants. With over 20 gas distribution companies showing interest, Time Technoplast anticipates increased capacity utilization and forecasts 30% growth in its PE pipe segment with minimal manufacturing adjustments.

Backed by in-house R&D and a CAPEX of ₹8 crore, product development is expected within four months. Approvals from BIS are underway, with benefits anticipated by Q2 FY2025-26. This initiative aligns with India’s infrastructure push, including Smart Cities and PM Ujjwala Yojana.

Recent news on Time Technoplast:

As of February 04, 2025, Time Technoplast Ltd secured a ₹40.64 crore order for Type IV cylinders from a PSU joint venture. Additionally, its new Saudi Arabia facility, set for Q2 2025, strengthens its Middle East presence and market leadership.

Ace investor holding in Time Technoplast:

Ajay Upadhyaya

Ajay Upadhyaya holds 2,500,000 shares, representing a 1.10% stake in Time Technoplast Ltd, with a total valuation of ₹91.2 crore. His investment underscores confidence in the company’s growth prospects and expanding presence in key markets like gas distribution and industrial packaging.

Stock performance of Time Technoplast for Period of 1 week, 6 months, and 1 year:

Time Technoplast Ltd saw a 8.55% decline over the past week and a 16.9% drop in six months. However, its strong yearly performance, with a 57.1% return, highlights long-term growth potential driven by strategic expansions and key order wins.

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Shareholding pattern of Time Technoplast:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	51.60%	51.60%	51.60%
FII	7.70%	6.70%	6.80%
DII	13.20%	12.90%	11.00%
Public	27.60%	28.90%	30.70%

About Time Technoplast:

Time Technoplast Ltd (NSE: TIMETECHNO) is a multinational conglomerate specializing in technology-driven polymer and composite products. The company focuses on innovation, catering to diverse industries with high-quality solutions for packaging, infrastructure, automotive, and industrial applications across global markets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.