According to reports from CNBC TV18, Time Technoplast Ltd has successfully completed its greenfield manufacturing plant at Bhilad, Gujarat, within the scheduled timeframe. The plant is set to commence production on September 25, 2026, marking the completion of the company's expansion into dedicated packaging manufacturing capabilities.
As reported by CNBC TV18, the new facility has an estimated annual production capacity of 6,000 tonnes and involved an investment of approximately ₹24 crore. At an estimated capacity utilisation of 90%, the plant is expected to generate a turnover of approximately ₹100 crore. The facility focuses on manufacturing conical polymer pails and injection-moulded products.
According to CNBC TV18, the plant has been established as an additional dedicated facility for manufacturing packaging products, including conical polymer pails and injection-moulded products. The facility is fully automated and uses robotics, designed to reduce human intervention and administrative costs through modern technology implementation.
As reported by CNBC TV18, shares of Time Technoplast Ltd ended at ₹173.65, up by ₹0.100, or 0.058%, on the BSE following the announcement. The positive market response reflects investor confidence in the company's expansion into dedicated packaging manufacturing capabilities.
