Corporate Actions

Back

Time Technoplast Limited secures Rs 87.53 crore order from a PSU joint venture for CNG mobile storage cascades

31-Aug-26 17:56 Hrs IST

Time Technoplast Limited has secured an order worth approximately Rs 87.53 Crores from a joint venture of two Maharatna Public Sector Undertakings (PSUs) for the supply of Type IV Composite CNG Mobile Storage Cascades, intended for deployment across its City Gas Distribution (CGD) network. The order, which is to be executed within one year, reinforces the company's position as India's first and only manufacturer with Petroleum and Explosives Safety Organisation (PESO) approval for Type IV Composite cylinders and marks a continued relationship with a well-established PSU customer. The company confirmed that neither the promoter group nor the entity awarding the order have any material interest, and the transaction does not constitute a related party transaction.

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.