Time Technoplast Ltd Share Price – NSE  / BSE

Plastic products, Small Cap

The company further said that the balance 24% stake in SPL would be retained by its existing shareholders.

Systoverse is engaged in the manufacturing of ISI-certified HDPE pipes and sprinkler systems under the name 'Systo?. The company had recorded turnover of Rs 3.91 crore in FY2024-25.

Time Technoplast (TTL) stated that this acquisition is a part of the company?s strategy to strengthen its high-density polyethylene (HDPE) pipe portfolio and drive inorganic growth.

TTL?s infrastructure segment generated approximately Rs 280 crore in 9MFY26 compared to Rs 265 crore in 9MFY25, with the PE pipe business forming part of this segment.

The company operates four HDPE manufacturing facilities across India located in Silvassa (UT), Gummidipoondi (Tamil Nadu), Medchal (Telangana), and Amta (West Bengal).

Offering more details about the Systoverse, TTL said that SPL has secured required regulatory and operational approvals, including certification from the Bureau of Indian Standards and product approvals across multiple sizes. The company is also empanelled with Maharashtra Jeevan Pradhikaran.

SPL benefits from concessional corporate tax under Section 115BAB and receives state-level incentives including subsidies on power tariffs, SGST benefits, and interest subsidies. The company operates on leased land and buildings under long-term arrangements.

The proposed acquisition of SPL is expected to create strong synergies and unlocking new growth opportunities, Time Technoplast said in a statement.

Time Technoplast is a global manufacturer of polymer products with operations across multiple countries. Its portfolio spans industrial packaging solutions, lifestyle products, automotive components, infrastructure / construction related products, material handling solutions & composite cylinders.

On a consolidated basis, net profit of Time Technoplast rose 34.10% to Rs 51.04 crore while net sales rose 13.06% to Rs 689.63 crore in Q3 FY26 over Q3 FY25.

The contract, awarded by a domestic entity, covers the supply of Type IV CNG cylinders designed for mobile storage applications. The order is to be executed within one year.

Time Technoplast confirmed that neither its promoters nor promoter group companies have any interest in the awarding entity. The contract is not considered a related party transaction.

Time Technoplast is a global manufacturer of polymer products with operations across multiple countries. Its portfolio spans industrial packaging solutions, lifestyle products, automotive components, infrastructure / construction related products, material handling solutions & composite cylinders.

On a consolidated basis, net profit of Time Technoplast rose 34.10% to Rs 51.04 crore while net sales rose 13.06% to Rs 689.63 crore in Q3 FY26 over Q3 FY25.

Shares of Time Technoplast rose 0.53% to Rs 161.10 on the BSE.

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 Time Technoplast has secures an order worth Rs 115.56 crore  from a reputed Public Sector Undertaking (PSU) for the supply of Type IV Composite CNG Cascades for deployment across City Gas Distribution (CGD) networks in India.

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Time Technoplast has secured its first trial order for a Type IV composite hydrogen storage system valued at approximately Rs 2.30 crore.

The project has been awarded to the Company through an EPC contractor for a Navaratna Public Sector Undertaking (PSU) in the energy sector, with the end use supporting the Indian Armed Forces.

The scope of work includes the design, engineering, manufacture in India, supply, integration, and commissioning of a Hydrogen Cascade Storage System with a usable capacity of 200 kg at 250 bar, utilizing advanced Type IV Composite Hydrogen Gas Cylinders. The system will feature a cascaded configuration, integrated safety devices, and comprehensive mechanical and environmental protection toensure safe, reliable, and efficient operation. Execution will be carried out in coordination with the end user and relevant stakeholders, in full compliance with applicable safety, quality, and performance requirements for defence and strategic installations.

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