Time Technoplast bags ₹190 crore HDPE pipe order

Time Technoplast Ltd. has secured an order from an EPC contractor worth approximately ₹190 crore for the supply of high-density polyethylene (HDPE) pipe products. These products are intended for power duct application projects, specifically for Amaravathi Development Corporation Limited and Andhra Pradesh Capital Region Development Authority.

This new order boosts Time Technoplast's cumulative order book for the HDPE pipe segment to around ₹280 crore. The company's installed manufacturing capacity for HDPE pipe products is approximately ₹450 crore annually. Time Technoplast operates four manufacturing facilities across India in the Western, Southern, and Eastern regions to support its voluminous HDPE pipe production.

The company's revenue from the HDPE pipe products segment in FY 2024-25 stood at around ₹283 crore. Time Technoplast anticipates the Indian pipe market to grow at a CAGR exceeding 20%, driven by substantial government investments in infrastructure and smart city development.