Time Technoplast surges on bagging GeM contract worth Rs 38.14 crore
Time Technoplast is currently trading at Rs. 202.45, up by 3.00 points or 1.50% from its previous closing of Rs. 199.45 on the BSE.
The scrip opened at Rs. 200.55 and has touched a high and low of Rs. 204.75 and Rs. 197.90 respectively. So far 203546 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 248.95 on 16-Sep-2025 and a 52 week low of Rs. 154.00 on 23-Mar-2026.
Last one week high and low of the scrip stood at Rs. 204.75 and Rs. 180.60 respectively. The current market cap of the company is Rs. 10013.39 crore.
The promoters holding in the company stood at 47.56%, while Institutions and Non-Institutions held 28.25% and 24.19% respectively.
Time Technoplast has secured a Government e-Marketplace (GeM) contract worth around Rs 38.14 crore from Hindustan Petroleum Corporation (HPCL). The order is for supply of 1,40,000 numbers of 10 kg Composite LPG Cylinders. The order is to be executed within six months. The order reflects the accelerating adoption of composite LPG cylinders by India’s leading oil marketing companies, driven by their superior safety, lightweight construction and enhanced consumer convenience. It further reinforces the company’s leadership position in the composite cylinder business and supports the growing transition towards modern, customer-centric LPG distribution across the country.
The order assumes added significance as HPCL has recently introduced an innovative distribution model for composite LPG cylinders through leading quick-commerce platforms, enabling on-demand delivery to consumers. This customer-centric initiative marks an important advancement in LPG distribution by enhancing convenience and accessibility while supporting the rapid adoption of next-generation composite LPG cylinders. The company’s participation in this initiative underscores its continued commitment to delivering innovative and sustainable packaging solutions aligned with the evolving needs of India’s energy sector.
