Time Technoplast Secures Rs51 Crore Contract with HPCL

Time Technoplast Ltd has announced the receipt of a contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of polymer packaging products. The contract is valued at approximately Rs51 crore and involves the provision of rigid packaging products, specifically Conipack pails, in sizes ranging from 7.5 litres to 20 litres. The delivery is to be executed as per HPCL’s schedule over a period of two years.

The contract was awarded under the terms of being the L1 supplier, indicating the company’s competitive pricing strategy. Payment for the contract will be secured through an instrument, ensuring financial security for the transaction. The supply is designated for domestic delivery, confirming the local nature of the contract.

In the fiscal year 2025, Time Technoplast’s industrial packaging business contributed approximately 75% to the company’s consolidated revenue. This segment includes contributions from both overseas manufacturing operations, which accounted for about 37%, and the India packaging business, which contributed approximately 38%. The company has a significant global manufacturing presence, operating in 11 countries with over 20 manufacturing locations in India.

Hindustan Petroleum Corporation Limited (HPCL) is a leading public oil marketing company in India. It engages in refining, marketing, and distribution of petroleum products. HPCL’s operations are integral to the energy sector, focusing on expanding its market presence and enhancing its supply chain capabilities.

Time Technoplast Ltd is a prominent player in the industrial packaging segment. The company focuses on providing innovative polymer-based solutions and has established a robust manufacturing footprint globally. Its strategic priorities include expanding its market reach and securing large-scale contracts through competitive pricing and extensive manufacturing capabilities.