Time Technoplast Limited has submitted a clarification to the National Stock Exchange of India Ltd and BSE Limited regarding a news article published in The Economic Times dated July 15, 2026. The article reported on a tie-up between Hindustan Petroleum Corporation Limited (HPCL) and Instamart to launch India's first on-demand LPG Composite Cylinder delivery service.
The company clarifies that the Type IV Composite LPG Cylinder featured in connection with this initiative belongs to Time Technoplast Limited. The company has supplied these cylinders to HPCL pursuant to a pilot project, acting in the capacity of a supplier/vendor to HPCL.
The disclosure emphasizes that the use of Composite Cylinder technology makes LPG distribution safer, more convenient and technologically advanced across the country. The letter is signed by Bharat Kumar Vageria, Managing Director (DIN: 00183629) of Time Technoplast Limited.
The referenced news article describes the partnership between Instamart (India's quick commerce platform) and HPCL to launch the country's first on-demand LPG cylinder delivery service on a quick commerce platform. The service features HPCL's newly launched HP Navya, a next-generation 10 kg composite LPG cylinder, which will first go live in Bengaluru. The service allows consumers to order cylinders without requiring an existing domestic LPG connection, making it accessible to students, working professionals and smaller households.
Time Technoplast identifies itself as "India's Leading manufacturer of LPG Composite Cylinder" in the context of this initiative.