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Time Technoplast soars 19% on winning Rs 75 cr order from Adani Total Gas

The order is for supply of CNG cascades made from Type-IV composite cylinder. The delivery of these cascades shall begin from January 2023.

Time Technoplast's LiteSafe composite cylinders for LPG
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Time Technoplast's LiteSafe composite cylinders for LPG

SI Reporter Mumbai
Shares of Time Technoplast soared 19 per cent to Rs 99.60 on the BSE in Tuesday’s intra-day trade amid heavy volumes after the company announced repeat order win of Rs 75 crore from Adani Total Gas.

“The company has received prestigious repeat order from Adani Total Gas for supply of CNG cascades made from Type-IV composite cylinder for a total value of Rs 75 crore (approx),” Time Technoplast said in an exchange filing. The delivery of these cascades will begin from January 2023, it added.

At 10:40 AM; the stock traded 8 per cent higher at Rs 90.50,