Time Technoplast Limited has secured a Government e-Marketplace (GeM) contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of 1.40 lakh 10 kg Type IV Composite LPG Cylinders.
Valued at approximately ₹38.14 crore, the domestic order is scheduled for execution within six months, further strengthening the company's presence in India's composite LPG cylinder segment.
The contract involves the supply of 1,40,000 units of 10 kg Type IV Composite LPG Cylinders and is valued at approximately ₹38.14 crore. The order has been awarded by a domestic entity and will be executed within six months.
The company also confirmed that neither its promoter group nor group companies have any interest in HPCL, and the contract does not constitute a related-party transaction.
The contract has been awarded by HPCL through the Government e-Marketplace (GeM) and covers the supply of Type IV Composite LPG Cylinders for the domestic market.
According to the company, the order reflects the increasing adoption of composite LPG cylinders by India's leading oil marketing companies, supported by their "superior safety, lightweight construction and enhanced consumer convenience."
Time Technoplast said the order reinforces its leadership position in the composite cylinder business while supporting the transition towards modern, customer-centric LPG distribution across the country.
The company also noted that HPCL has recently introduced an innovative distribution model through leading quick-commerce platforms, enabling on-demand delivery of composite LPG cylinders and improving accessibility for consumers.
The company said its participation in HPCL's initiative reflects its commitment to delivering "innovative and sustainable packaging solutions" aligned with the evolving needs of India's energy sector.
It added that the quick-commerce distribution model is expected to accelerate the adoption of next-generation composite LPG cylinders by offering greater convenience and easier access to customers.
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As of 17 July 2026, at 1:00 PM, Time Technoplast Ltd share price was trading at ₹202.10 per share, reflecting a surge of 1.35% from the previous trading session.
The HPCL contract adds to Time Technoplast's composite LPG cylinder business while supporting the wider adoption of lightweight composite cylinders through expanding domestic distribution channels and evolving consumer delivery models.
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Published on: Jul 17, 2026, 2:14 PM IST
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