Mumbai, March 17, 2026: Industrial packaging and composite products company Time Technoplast Limited has received a new order worth approximately ₹115.56 crore from a well-established Public Sector Undertaking (PSU).
The order is for the supply of Type IV composite CNG cylinders (mobile storage cascades), which will be used across City Gas Distribution (CGD) networks in India.
The company said this order strengthens its leadership in advanced composite cylinder solutions and reflects rising demand for lightweight, high-safety gas storage systems supporting India’s clean energy transition.
Time Technoplast also highlighted that its CNG composite segment generated around ₹395 crore revenue in FY25, showing strong demand and execution capability in this segment. The company expects the CNG composite market in India to grow at a CAGR of over 25% in the coming years, driven by government initiatives and increasing gas infrastructure.
The order is expected to be executed within one year, and management sees strong long-term growth opportunities in the clean energy and gas distribution space.
Time Technoplast Limited (NSE: TIMETECHNO | BSE: 532856) shares were trading around ₹161.73, up ₹1.48 (0.92%) on March 17, 2026. The stock opened at ₹160.10, touched a high of ₹162.10, and a low of ₹156.19 during the session. The company’s market capitalization is around ₹7,990 crore.
