Time Technoplast’s subsidiary -- NED Energy has signed a Memorandum of Understanding (MoU) with Tesla Power USA for orders worth Rs 100 crore (approximately). The order is for supply of VRLA Batteries of different sizes for applications covering Power, Solar, UPS etc.
Tesla Power USA is a pioneer and leader in energy storage industry globally and this supply will be for India and overseas markets. The MoU has been signed for the FY 2022-23 and the agreed pricing is variable based, linked to the major exchange.
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.
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