Time Technoplast Ltd receives its single large order for CNG Cascades

Time Technoplast Ltd has received their Single Largest Order from one of the leading City Gas Distribution Company for supply of CNG Cascades made from Type - IV Composite Cylinders, for a total value of INR 134 Crores (approx.) to be supplied within one year period.

The Order for supply of CNG Cascades made from Type - IV Composite Cylinder. The supply of the order will be completed within one year. Maharashtra Natural Gas Limited [A Joint Venture of GAIL (India) and BPCL] (Buyer) reserves the right to place a repeat order within six months of upto 50% of present purchase order value on the same terms and conditions (including rates).

The order value is INR 134 Crores (approx.).

Shares of Time Technoplast Limited was last trading in BSE at Rs. 85.70 as compared to the previous close of Rs. 83.95. The total number of shares traded during the day was 98477 in over 1452 trades.

The stock hit an intraday high of Rs. 87.40 and intraday low of 84.30. The net turnover during the day was Rs. 8468081.00.

Source : Equity Bulls

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