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Markets & Customers 7 Nov 2026

Time Technoplast's Saudi unit wins annual packaging contract from CHEMANOL

Time Technoplast's wholly owned Saudi subsidiary has won an exclusive one-year contract worth about USD 3.7m (INR 350m) from Methanol Chemicals Company (CHEMANOL), the company disclosed in a filing on 7 November 2026. The Tadawul-listed methanol producer will source drums, jerry cans and intermediate bulk containers under the contract, which is to be executed within one year.

Why this mattersA one-year exclusive award from a Saudi methanol producer adds drum, jerry can and IBC volume to Time Technoplast's Gulf business through its local subsidiary.

  • Contract value about USD 3.7m (INR 350m)
  • Awarded to Time Technoplast's wholly owned Saudi Arabian subsidiary by CHEMANOL
  • Covers supply of drums, jerry cans and IBCs over a one-year term
  • Disclosed in a Regulation 30 filing dated 7 November 2026
  • Classified as an international, non-related-party transaction; no promoter interest in CHEMANOL
Time Technoplast CHEMANOL counterparty
Sources kalkinemedia.com
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-11-09 · Edited before publication: INR was converted at the source's rate; restated at INR 93.92 per USD and rounded (INR 350m converts to USD 3.7m).