Time Technoplast’s HPCL Contract Analyzed
Time Technoplast has secured a significant contract with Hindustan Petroleum Corporation Limited (HPCL) worth around ₹51 crore. This contract is for supplying rigid packaging – specifically Conipack pails – in various sizes, from 7.5 to 20 litres. HPCL will receive these pails over the next two years, following a set delivery schedule.
Key Points
- HPCL contract valued at ₹51 crore for packaging products.
- Conipack pails supplied in sizes 7.5L to 20L.
- Delivery schedule spanning two years for HPCL’s needs.
- Industrial Packaging drives 75% of Time Technoplast’s revenue.
- Expected annual growth of 12-14% CAGR for the business.
- Overseas operations contribute 37% of consolidated revenue.
Company Performance Overview
Time Technoplast’s Industrial Packaging business is a major contributor to the company’s overall success. In the financial year 2025, this segment accounted for approximately 75% of the company’s total revenue. This strong performance is fueled by growing demand both within India and internationally.
Growth and Outlook
The company anticipates continued growth in its industrial packaging business. They project an annual volume growth rate of 12-14% compounded annually (CAGR). This is driven by the increased global need for robust packaging solutions.
Operational Breakdown
A key element of Time Technoplast’s success lies in its diversified operations. Roughly 37% of their revenue originates from overseas manufacturing, while the remaining 38% stems from the Indian packaging business.
This strategic contract with HPCL signals Time Technoplast’s continued growth and market leadership.
