Time Technoplast Ltd awarded contract from HPCL

Time Technoplast Ltd, being the L1 supplier, has been awarded a contract from HINDUSTAN PETROLEUM CORPORATION LIMITED (HPCL), a leading public Oil Marketing Company (OMC), valued at approximately Rs 51 crore, for the supply of Rigid Packaging Products (Conipack pails) in sizes ranging from 7.5 litres to 20 litres, to be dispatched as per their delivery schedule within a period of two years.

In FY25, the Industrial Packaging Business accounted for ~75% of the Company's consolidated revenue (with overseas manufacturing operations contributing ~37% and India Packaging Business at ~38%). Driven by robust global demand, the business remains well positioned to sustain this momentum, with annual volume growth of 12-14% CAGR expected going forward.

Time Technoplast Ltd is among the leading players in the industrial packaging segment, with a strong global manufacturing footprint across 11 countries and a robust network of over 20 manufacturing locations in India. This extensive presence enables the Company to offer competitive pricing for tenders and orders, thereby consistently securing large-scale contracts.

Shares of Time Technoplast Limited was last trading in BSE at Rs. 181.30 as compared to the previous close of Rs. 184.30. The total number of shares traded during the day was 41888 in over 1147 trades.

The stock hit an intraday high of Rs. 185.10 and intraday low of 179.30. The net turnover during the day was Rs. 7587235.00.

Source : Equity Bulls

Keywords

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