New order win for Type-IV Composite Cylinder based CNG cascadeTIMETECHNO - 88 Change: -3.05 (-3.37 %)
News: The company has received an order of Rs.80 crore from public sector gas distribution company for the supply of Type-IV composite cylinder based CNG cascades.
Views: For the Type IV CNG cascade, the company’s order book is at Rs.150 crore (including new order). It expects addressable market size of the said segment to be Rs.20,000 crore in the next eight to 10 years with the expansion of CNG gas filling stations. Time Technoplast is the only Indian company manufacturing CNG cascade and, therefore, is likely to benefit the most from this opportunity