Time Technoplast announced that the Company, being the L1 supplier, has been awarded a contract from Hindustan Petroleum Petroleum Corporation (HPCL) valued at approximately Rs 51 crore, for the supply of Rigid Packaging Products (Conipack pails) in sizes ranging from 7.5 litres to 20 litres, to be dispatched as per their delivery
schedule within a period of two years.
In FY25, the Industrial Packaging Business accounted for
75% of the Company's consolidated revenue (with overseas manufacturing operations contributing
37% and India Packaging Business
at
38%). Driven by robust global demand, the business remains well positioned to sustain this momentum, with annual volume growth of 12-14% CAGR expected going forward.