Introduction:
Leading manufacturer of industrial products has secured a ₹40.64 crore order for the supply of Type IV cylinders—Mobile Storage Cascades—for CNG and CGD networks. The order reflects the company’s growing role in the clean energy sector and public sector projects.
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Share price movement of Time Technoplast:
On February 4, 2025, Time Technoplast Ltd opened at ₹387.30, up 3.58% from its previous close of ₹373.90. The stock reached a high of ₹390.75 (4.51%) and a low of ₹384.55. By 10:31 AM, it traded at ₹387.60, a 3.66% increase, with a market cap of ₹8,795.77 crore.
Time Technoplast Secures ₹40.64 Crore Order:
Time Technoplast Limited has received a significant order valued at approximately ₹40.64 crore for the supply of Type IV cylinders—Mobile Storage Cascades—intended for the CNG and City Gas Distribution (CGD) network from a well-established PSU joint venture.
The domestic order is set to be executed within a year and reflects the company’s growing role in the clean energy sector. The product’s application in CNG and CGD networks aligns with government initiatives to promote clean energy solutions.
This contract strengthens Time Technoplast’s position in the industry, highlighting its ability to cater to large-scale public sector projects. The order is not a related-party transaction, ensuring transparency in business dealings.
Recent news on Time Technoplast:
As of January 22, 2025, Time Technoplast Ltd announced the establishment of a state-of-the-art production facility in the MODON Industrial Area, Saudi Arabia, through its subsidiary Gulf Powerbeat, KSA. The plant will produce 1,000-litre IBCs and plastic drums.
Ace investor holding in Time Technoplast:
Ajay Upadhyaya
Ajay Upadhyaya holds a 1.10% stake in Time Technoplast Ltd, with 2,500,000 shares valued at ₹96.9 crore. His significant investment reflects confidence in the company’s growth and long-term potential in the industrial sector.
Stock performance of Time Technoplast for Period of 1 week, 6 months and 1 year:
Time Technoplast Ltd has seen a 1.80% gain over the past week, a 17.4% increase over the last six months, and a remarkable 128% growth over the past year, reflecting strong long-term performance and investor confidence.
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Shareholding pattern of Time Technoplast:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 51.60% | 51.60% | 51.60% |
| FII | 7.70% | 7% | 6.80% |
| DII | 13.20% | 12.90% | 11.00% |
| Public | 27.60% | 29% | 30.70% |
About Time Technoplast:
Time Technoplast Ltd (NSE: TIMETECHNO) is a global leader in polymer and composite products, with over 55% market share in domestic industrial packaging. It ranks among the largest manufacturers of plastic drums, composite cylinders, and IBCs worldwide.
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.
