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Company news: Time Technoplast

| Updated on February 19, 2019 Published on February 19, 2019

Time Technoplast has received an order from a European customer for export of 500,000 composite cylinders with a total value of over ₹115 crore. The order is planned to be executed by the end of 2019, it said in a statement to the bourses. “The buyer has advised that the business potential is much larger and they would consider placing order for additional quantities as the deliveries against the present order get underway,” it further said. Discussions are also on for immediate purchase of composite cylinders of other denominations for different applications, the company further said. Shares of Time Technoplast gained 1.2 per cent at ₹84.45 on the NSE.

Published on February 19, 2019
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