Time Technoplast Limited has received an additional order from a leading Public-Sector Oil Marketing Company for the supply of Composite LPG Cylinders. The order quantity has been enhanced, nearly doubling the original order and increasing the total order value from approximately ₹38.14 crore to ₹76.28 crore. This expansion highlights the growing adoption of composite LPG cylinders in India due to their safety and lightweight features.
Time Technoplast Secures Enhanced Composite LPG Cylinder Order
Time Technoplast Limited announced on November 11, 2026, that it has received an enhanced order for the supply of Composite LPG Cylinders from a prominent Public-Sector Oil Marketing Company in India. This development follows an earlier intimation on July 17, 2026, regarding an initial order for 1,40,000 numbers of 10 kg Composite LPG Cylinders, valued at approximately ₹38.14 crore.
Order Value More Than Doubles
The company is pleased to inform that the order quantity has now been significantly increased from 1,40,000 numbers to 2,80,000 numbers. Consequently, the total order value has risen substantially from the initial ~₹38.14 crore to approximately ₹76.28 crore, with the additional order value being ₹38.14 crore.
Market Growth and Company Capabilities
This substantial additional order underscores the increasing acceptance and adoption of composite LPG cylinders within India. The growing preference is attributed to their advanced safety characteristics, lightweight construction, superior corrosion resistance, and ease of handling. This achievement further solidifies Time Technoplast’s expertise in advanced composite technology and its role in modernizing India’s domestic LPG distribution infrastructure.
Order Details as per SEBI Circular
As per SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023, the following details are provided:
Entity Awarding the Order
The entity awarding the order is a Public-Sector Oil Marketing Company.
Key Terms and Conditions
The order is for the supply of Type IV Composite LPG Cylinders. The domestic entity has awarded this significant contract.
Order Execution and Consideration
The order is to be executed within six months. The broad consideration or size of the order is approximately ₹38.14 Crores (Approx.). The company has confirmed that there is no interest from promoters or promoter group companies in the entity that awarded the order, and it does not fall within related party transactions, being done at an “arm’s length”.
Source: BSE
