India's Time Technoplast gains on $9.2 million order win
BUZZ-India's Time Technoplast gains on $9.2 million order win ** Polymer and composite products maker Time Technoplast's shares TIME.NS rise as much as 4.33% to 195.3 rupees apiece; stock last up 3%
** Uptick after TIME secures an order from a public sector undertaking, a joint venture of two firms, worth 875.3 million rupees ($9.23 million); order to be executed within a year
** Order pertains to the supply of specific composite CNG mobile storage cascades, which will be deployed across CNG and city gas distribution network, says TIME
** TIME adds order reinforces its position as India's first and only manufacturer of such composite cylinders across LPG, CNG and hydrogen applications with an approval from Petroleum and Explosives Safety Organisation
** Shares are up 2.1% in 2026 so far
($1 = 94.8650 Indian rupees)
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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India's Time Technoplast gains on $9.2 million order win