Time Technoplast has secured a substantial order valued at approximately ₹115.56 crore from a well-established Public Sector Undertaking (PSU) for the supply of Type IV Composite CNG Cascades. These will be deployed across City Gas Distribution (CGD) networks in India.
This order underscores Time Technoplast‘s strong position in the advanced composite cylinder market, reflecting the growing adoption of lightweight and efficient gas storage systems. The company recorded revenues of approximately ₹395 crore from its CNG Composite segment in FY 2024–25, highlighting robust market demand and its execution capabilities.
The Indian CNG Composite market is expected to grow at a CAGR exceeding 25%, supported by favourable government policies and investments in clean energy infrastructure. The potential market size for CNG Cascades in India is estimated at approximately ₹1,500 crore, according to insights from the Ministry of Petroleum & Natural Gas.
The evolving energy landscape presents significant opportunities for Time Technoplast to accelerate growth and strengthen its market leadership in composite gas storage solutions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.
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