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Hot Pursuit News

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(26 Jun 2024, 11:36)

Time Technoplast gains on bagging additional order of Rs 55 cr

Time Technoplast advanced 2.08% to Rs 338.30 after it received an additional order from Indian Oil Corporation (IOCL) to supply composite cylinders (LPG) for Rs 55 crore.

The company stated that this additional demand is on account of the positive response from the end user on account of numerous advantages of using composite cylinders like explosion proof, light weight, translucent body etc.

The order received is for 10 kg capacity composite LPG cylinders. The order quantity may be increased at the discretion of IOCL, on same terms and conditions during the validity period, added the firm.

The order is to be executed within 12 months from the date of purchase order. The cost of the project is Rs 55 crore.

Time Technoplast is engaged in manufacturing of polymer & composite products. The company offers a range of technology based polymer products catering to the growing sectors of the Indian economy with industrial and consumer packaging solutio...

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