Order Win
Time Technoplast Secures ₹38.14 Crore HPCL Order for 1.40 Lakh Composite LPG Cylinders
NSE
timetechno
BSE
532856
Time Technoplast Limited has secured a Government e-Marketplace (GeM) contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of 1,40,000 units of 10 kg Type IV Composite LPG Cylinders. The domestic order is valued at approximately ₹38.14 crore and is scheduled to be executed within six months.
PRICE-SENSITIVE TRIGGER
Event: Receipt of a GeM contract from Hindustan Petroleum Corporation Limited (HPCL).
Type: Order Win
Impact: Positive
Immediate Effect: The order strengthens Time Technoplast’s order book, reinforces its leadership in composite LPG cylinder manufacturing, and enhances revenue visibility over the next six months.
financials:
Key Metrics:
- Order Value: Approximately ₹38.14 crore
- Quantity: 1,40,000 units
- Product: 10 kg Type IV Composite LPG Cylinders
- Execution Timeline: Within six months
Highlight:
- Time Technoplast secured an HPCL order worth approximately ₹38.14 crore for supplying 1.40 lakh Type IV Composite LPG Cylinders under the Government e-Marketplace (GeM).
What Happened ?
Time Technoplast Limited announced that it has received a domestic order from Hindustan Petroleum Corporation Limited (HPCL) through the Government e-Marketplace (GeM) platform.
The contract involves supplying 1,40,000 units of 10 kg Type IV Composite LPG Cylinders. According to the company, the order reflects the increasing adoption of composite LPG cylinders due to their lightweight construction, superior safety, and enhanced convenience for consumers. The company believes the contract further strengthens its leadership position in India’s composite LPG cylinder market while supporting the country’s transition toward modern LPG distribution systems.
key details
Order Details:
- Awarding Entity: Hindustan Petroleum Corporation Limited (HPCL)
- Order Platform: Government e-Marketplace (GeM)
- Nature of Order: Supply of Type IV Composite LPG Cylinders
- Quantity: 1,40,000 cylinders
- Cylinder Capacity: 10 kg
- Order Value: Approximately ₹38.14 crore
- Execution Period: Within six months
- Entity Type: Domestic
- Order Type: Product Supply
Note:
- The contract focuses on supplying next-generation composite LPG cylinders designed to improve safety, portability, and customer convenience.
Strategic Importance:
- Strengthens Time Technoplast’s position in India’s composite LPG cylinder industry.
- Supports HPCL’s expansion of modern LPG distribution initiatives.
- Aligns with increasing adoption of lightweight composite cylinders across oil marketing companies.
- Enhances the company’s visibility in the domestic energy infrastructure and packaging solutions segment.
Note:
- The company highlighted HPCL’s innovative distribution model through quick-commerce platforms, which is expected to support wider adoption of composite LPG cylinders.
Risk Analysis
Summary:
- While the order improves short-term revenue visibility, execution within the committed timeline and continued demand for composite LPG cylinders remain key factors.
Key Risks:
- Delays in manufacturing or deliveries could defer revenue recognition.
- Raw material cost fluctuations may impact profitability.
- Large government orders require timely execution and quality compliance.
- Future order inflows depend on continued adoption by oil marketing companies.
Worst Case:
- Execution delays or supply chain disruptions could postpone revenue realization and affect margins on the contract.
Risk Level: Low
Company Commentary
- The company has secured a GeM contract from HPCL for supplying 1,40,000 Type IV Composite LPG Cylinders.
- The order is valued at approximately ₹38.14 crore.
- Composite LPG cylinders offer improved safety, lightweight construction, and greater consumer convenience.
- The contract reinforces the company’s leadership in the composite LPG cylinder business.
- The promoter and promoter group have no interest in the awarding entity.
- The order is not a related-party transaction and has been awarded on an arm’s length basis.
Official Exchange Filing: Time Technoplast Limited
