Time Technoplast has entered into Share Subscription and Shareholders' Agreement (SSSA) and Power Purchase Agreement (PPA) with FPEL Phoenix, a Special Purpose Vehicle promoted and incorporated by Fourth Partner Energy for setting up captive solar power project to procure 4.3 MWp for the factories located in the State of Karnataka. In terms of the SSSA, the Company has agreed to subscribe to around 6.05% of the issued and paid-up capital for a total consideration of Rs 1.50 crore. The company will save minimum around Rs 0.5 crore per annum in electricity cost due to participation in Group Captive Solar Power scheme.
Time Technoplast is engaged in manufacturing a range of manufacturing polymer packaging products. The company manufactures a range of products such as Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction / Infrastructure related products.
Company Name | CMP |
---|---|
Supreme Industries | 5596.00 |
Astral | 2193.30 |
Finolex Inds | 297.30 |
EPL | 197.60 |
Jain Irrigation Sys | 69.43 |
View more.. |