Time Technoplast bags order worth Rs 75 crore from Adani Total Gas

“The company has received a prestigious repeat order from Adani Total Gas for the supply of CNG cascades made from Type-IV composite cylinders worth approximately Rs 75 crore,” Time Technoplast said in an exchange filing. The delivery of these cascades will begin in January 2023, according to the company.

Time Technoplast is a multinational corporation that is a leading manufacturer of polymer and composite products based on technology.

According to management, the company’s top priority remains increasing the revenue share of Value-Added Products. The Value-Added Products segment increased by 28% year on year. However, the current geopolitical scenario and challenging macroeconomic environment had a minor impact on margins. Despite a challenging global environment, management is cautiously optimistic about the company’s future performance, which is supported by strong demand for our value-added products.

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