Time Technoplast is in advanced stage of capacity expansion from 700k per annum to 1400k per annum Cylinders to meet projected demand particularly from OMCs and private players in India. The company is engaged in manufacturing of world class Composite Cylinders for distribution of LPG under its brand ‘LiteSafe’ and is exporting the same to over 26 countries across the world.
As far as India is concerned, the company had first sold few thousand Cylinders to Reliance Gas some three years ago, which had been successfully operating in the state of Gujarat. Subsequently, Oil Marketing Companies’ bought several thousand Cylinders in 2kg, 5kg, 7 kg, 10 kg and 15 kg denominations for LPG distribution in state of Gujarat and Maharashtra on trial basis.
Recently, Reliance Gas has for the first time launched LPG in Composite Cylinders of 10 kg and 5 kg capacity in Pune (Maharashtra) for which additional quantities of Cylinders were bought. Encouraged by response / acceptance of ‘LiteSafe’ Composite Cylinders by the end user, several other private LPG distributors have initiated procurement of ‘LiteSafe’ Cylinders for country wide offering of LPG in Composite Cylinders.
