India's Time Technoplast jumps on BIS licence for polyethylene pipes

Time Technoplast

01/10/2025 09:06

Oct 1 (Reuters) - ** Shares of Time Technoplast TIME.NS rise as much as 4.9% to 220.02 rupees apiece

** Polymer solutions provider obtains the Bureau of Indian Standards (BIS) licence to make and sell polyethylene (PE) pipes for gas distribution networks

** Licence gained within the company's committed timeline and will strengthen market presence, says TIME

** Adds, entry into the PE pipes market provides a growth opportunity for TIME as market size is projected to reach $13.7 billion by 2029

** TIME shares are down 15% in 2025 so far; Nifty Microcap 250 index .NIFTYMICROCAP250 down 8% YTD, exchange data shows

 (Reporting by Bharath Rajeswaran in Bengaluru)

 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))