Time Technoplast Ltd has received a prestigious order from a Buyer in Europe for export of 500,000 Composite Cylinders with a total value of over Rs. 115 Crores. This order is planned to be executed by end of Calendar Year 2019.
The Buyer has advised that the business potential is much larger and they would consider placing order for additional quantities as the deliveries against the present order gets underway. Discussions are also on for immediate purchase of Composite Cylinders of other denominations for different applications.The Company has wide range of Composite Cylinders in its product portfolio (2kg -22kg capacity) duly certified and approved under ISO and European standards. Company is already exporting these Composite Cylinders to over 28 countries across the world. Composite Cylinder form part of Company's value add business.
Shares of TIME TECHNOPLAST LTD. was last trading in BSE at Rs.83.15 as compared to the previous close of Rs. 87.55. The total number of shares traded during the day was 11165 in over 215 trades.
The stock hit an intraday high of Rs. 94 and intraday low of 82.7. The net turnover during the day was Rs. 952407.