Core Announcement – Order Details
Awarding Entity: Methanol Chemicals Company (CHEMANOL), Saudi Arabia
Domestic/International Order: International Entity (Kingdom of Saudi Arabia, Middle East)
Nature of Order/Contract: Exclusive annual contract for supply of Industrial Packaging products (drums, jerry cans and IBCs) to a prominent Saudi Arabian chemical manufacturing company listed on the Saudi Stock Exchange (Tadawul).
Order Value: ₹35 Crores (Approx.) / USD 3.68 Million
Materiality Context: Described as a "significant contract" that strengthens Time Technoplast's industrial packaging business in the Middle East and reinforces its position as a trusted supplier to leading chemical manufacturers. Part of the company's continued focus on expanding international business.
Execution Timeline: Within one year
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No promoter/promoter group/group companies have any interest in the entity that awarded the order.
Financial Implication: The order enhances revenue visibility for the Company's Middle East operations. Not Specified regarding contribution to order book, impact on backlog, capacity utilization, capex requirements, or working capital implications.