TIMETECHNOTime Technoplast Ltd.
Time Technoplast gets ₹35 crore Saudi chemical packaging order
- Order win
- Plastic And Plastic Products
Reviewed byRachit TripathiBlacklitt Research
Time Technoplast (NSE: TIMETECHNO) said in a filing on 07 Nov 2026 that its wholly owned subsidiary in the Kingdom of Saudi Arabia has been awarded an exclusive annual contract worth about ₹35 crore by Methanol Chemicals Company (CHEMANOL) for industrial packaging products. The order is to be executed within one year.
Key highlights
- Estimated order size: ₹35 crore (USD 3.68 million), approximate
- Execution period: within one year
- Awarding entity: Methanol Chemicals Company (CHEMANOL), Saudi Arabia
The contract in numbers
| Item | Detail |
|---|---|
| Awarded by | Methanol Chemicals Company (CHEMANOL), Saudi Arabia, listed on Tadawul |
| Awarded to | Wholly owned subsidiary in the Kingdom of Saudi Arabia |
| Type | Exclusive annual contract |
| Scope | Supply of industrial packaging products: drums, jerry cans and IBCs |
| Value | ₹35 crore (approx.), USD 3.68 million |
| Execution period | Within one year |
| Domestic or international | International |
| Related party | Not a related party transaction |
Order size and scope
The subsidiary has been awarded an exclusive annual contract for the supply of industrial packaging products, which the filing lists as drums, jerry cans and IBCs. The order is put at approximately ₹35 crore, or USD 3.68 million, and is to be executed within one year.
The filing gives the value as approximate and does not say whether it is a fixed sum or depends on purchase volumes under the contract.
What the company says the order adds
The company says the order further strengthens its industrial packaging business in the Middle East and enhances revenue visibility for its Middle East operations. The awarding entity is a chemical manufacturer listed on the Saudi Stock Exchange (Tadawul), with a presence in methanol and its derivatives.
Against the company's latest reported quarter, total income of ₹1,996.10 crore for Q2 FY27 on a consolidated basis, the order's approximate ₹35 crore is a small share of revenue, but the filing does not give the order's margin or its effect on results.
What the order means for Time Technoplast's shareholders
The order adds a one-year export contract for a Saudi chemical maker to the Middle East business, and the company says it strengthens that business and adds revenue visibility.
Not stated: the margin or profit the order will contribute, whether the value is fixed or depends on purchase volumes, when supply starts, and why the subsidiary was chosen.
Filed with NSE on . Reference: Original filing (PDF)
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