Time Technoplast Ltd receives order for supply of HDPE Pipe Products

Time Technoplast Ltd has announced the receipt of a order from EPC (Engineering, Procurement, and Construction) Contractor for approximately Rs. 190 Cr for the supply of HDPE Pipe Products in Power Duct application projects carried in: 1. Amaravathi Development Corporation Limited, and 2. Andhra Pradesh Capital Region Development Authority.

Considering this order, the Company's cumulative order book for HDPE Pipe segment stands at around Rs. 280 Cr. The company's installed manufacturing capacity enables it to produce HDPE Pipe Products of Rs. 450 Cr (approximately) annually. HDPE Pipe products are voluminous in nature; therefore the company has four (4) manufacturing facilities across India: {one (1) in the Western Region (Silvassa, U.T.), two (2) in the Southern Region [Gummidipoondi (near Chennai), Tamil Nadu and Medchal (near Hyderabad City), Telangana], and one (1) in the Eastern Region [Amta (near Kolkata), West Bengal]}.

In FY 2024-25, company's revenue from the HDPE Pipe Products segment stood at around Rs. 283 Cr, reflecting robust demand and execution capabilities. With substantial investments undertaken by the Government authorities in India's infrastructure and smart city development projects, the Company anticipates the Indian pipe market to grow at a Compounded Annual Growth Rate (CAGR) exceeding 20%, offering major opportunities for sustained growth and market expansion.

Shares of Time Technoplast Limited was last trading in BSE at Rs. 208.10 as compared to the previous close of Rs. 209.40. The total number of shares traded during the day was 83371 in over 1641 trades.

The stock hit an intraday high of Rs. 211.35 and intraday low of 207.40. The net turnover during the day was Rs. 17418747.00.

Source : Equity Bulls

Keywords

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