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Time Technoplast shines on bagging order for supply of PE Pipes

25 Mar 2019

Time Technoplast is currently trading at Rs. 101.00, up by 2.00 points or 2.02 % from its previous closing of Rs. 99.00 on the BSE.

The scrip opened at Rs. 99.20 and has touched a high and low of Rs. 102.60 and Rs. 98.50 respectively. So far 15791 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 184.05 on 17-Apr-2018 and a 52 week low of Rs. 76.20 on 12-Feb-2019.

Last one week high and low of the scrip stood at Rs. 104.70 and Rs. 97.75 respectively. The current market cap of the company is Rs. 2261.47 crore.

The promoters holding in the company stood at 51.18%, while Institutions and Non-Institutions held 30.87% and 17.95% respectively.

Time Technoplast has secured an order for supply of High Quality, High Pressure PE Pipes for prestigious water supply project in India assisted by International Development Agencies. This order from India's leading EPC Contractor at a value exceeding Rs 210 crore is considered to be one of the largest order for PE Pipes ever awarded in India.

The company has won this supply contract against stiff competition based on quality of its products and past track record of ‘on time’ deliveries. This supply contract together with pending orders for PE Pipes received during current financial year occupies significantly company’s capacity for the next year.

Time Technoplast is a leading technology based innovative polymer Product Company.

Related Time Technoplast Ltd. Links:

Time Technoplast Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323