Time Technoplast Ltd has received an additional order worth approximately INR 25 crores (approx.) from Maharashtra Natural Gas Limited (MNGL), a joint venture of GAIL (India) and BPCL. Previously, the company had received an order for INR 134 crores. With this, MNGL’s total order stands at INR 159 Crores (approx.) to be supplied within the next year.
The order is for the supply of Type – IV Composite Cylinder CNG Cascades. The order’s supply will be completed within a year. Buyer reserves the right to place a repeat order for up to 50% of the current purchase order value on the same terms and conditions within six months (including rates).