Time Technoplast completes projects and plans five FY27 expansions

Time Technoplast Ltd. completed automated composite, recycling, pipe and intermediate bulk container projects in FY26 and H1FY27, led by a Morai facility with capacity for 1,080 compressed natural gas cascades, or about 65,000 cylinders. The company has also listed five packaging, polyethylene-pipe and recycling projects as in process for FY27.

What projects did Time Technoplast complete in FY26?

Time Technoplast completed five disclosed FY26 projects: the Morai composite facility, the Bhilad recycling plant, the Silvassa intermediate bulk container, or IBC, expansion, the Gummidipoondi polyethylene, or PE, pipe consolidation, and a Georgia, US expansion. The company said the projects were completed within their stipulated timeframes; its fifth US plant in Georgia has operated since May 2025.

At Morai near Vapi, Gujarat, Time Technoplast commissioned a fully automated compressed natural gas, or CNG, plant with capacity for 1,080 cascades, equivalent to about 65,000 cylinders. The facility consolidates existing Daman capacity at one location. Management said this arrangement is intended to improve capacity utilisation, access specialised manpower and free space at Daman for a future liquefied petroleum gas, or LPG, capacity expansion.

At Gummidipoondi near Chennai, Tamil Nadu, the FY26 brownfield project added a dedicated PE pipe manufacturing unit. Time Technoplast said the segregation of pipe manufacturing is intended to improve use of plant space, throughput and operating efficiency. In Georgia, the existing automated IBC line is being expanded with an additional IBC line and a drum manufacturing line to broaden the local product portfolio.

How much capacity did Time Technoplast add through automation and recycling?

Time Technoplast added annual capacity of 12,000 metric tonnes at its Bhilad recycling plant and 150,000 IBCs at Silvassa Phase I, alongside Morai’s 1,080 CNG cascades. These projects apply automation to different stages of manufacturing: composite-cylinder production at Morai, recycled-polymer processing at Bhilad and IBC cage-line manufacturing at Silvassa.

The Bhilad greenfield recycling facility, operated by wholly owned subsidiary Time Ecotech Pvt. Ltd., is the first of three recycling plants planned across India. Its 12,000-metric-tonne annual capacity is for captive consumption. Time Technoplast said the plant strengthens backward integration, supports post-consumer recycled, or PCR, compliance and provides a more reliable supply of recycled raw material; it also forms part of qualified institutional placement, or QIP, fund utilisation.

Silvassa’s fully automated brownfield IBC facility has Phase I annual capacity of 150,000 IBCs. Phase II is under way and is expected to raise annual capacity to 300,000 IBCs by the end of FY27, doubling the completed Phase I level. The company said the expansion is intended to improve supply reliability for industrial-packaging customers and increase manufacturing output through automated production.

What did Time Technoplast complete in H1FY27?

Time Technoplast completed a greenfield conical polymer-pail and injection-moulded-products facility at Bhilad, as well as additional IBC manufacturing capacity at Bhuj, in H1FY27. The two projects use dedicated equipment and automation, with robotic injection moulding at Bhilad and automated IBC assembly at Bhuj.

At Bhilad, Time Technoplast installed dedicated injection-moulding machines integrated with robotic automation for conical polymer pails and other injection-moulded products. Management said the configuration is intended to reduce manual intervention, improve product consistency and support capacity utilisation. This adds a manufacturing function at Bhilad beyond the 12,000-metric-tonne recycling facility commissioned in FY26.

The Bhuj IBC project was established through TPL Plastech Ltd. and its subsidiary to serve the South Gujarat market. It combines a blow-moulding machine with an automated IBC assembly line, which Time Technoplast said should improve manufacturing throughput and regional service. Unlike the Silvassa project, the presentation does not disclose annual IBC capacity at Bhuj, preventing a like-for-like capacity comparison.

Which five Time Technoplast expansions are in process for FY27?

Time Technoplast lists five FY27 projects as in process: Sanand in Gujarat, Cuttack in Odisha, Chiplun in Maharashtra, North and South India recycling projects through Time Ecotech Pvt. Ltd., and Saudi Damam III through Gulf Power Beat. The programme includes packaging and PE pipes at three Indian sites, polymer recycling in two regions and packaging products in Saudi Arabia.

Sanand and Cuttack are identified as Time Technoplast projects, while Chiplun is identified as a TPL project. All three are classified as packaging and PE-pipe projects. The presentation provides no commissioning date, capital expenditure, annual capacity or equipment specification for these sites, so the disclosed information confirms work-in-process status rather than the future volume each facility may add.

The North and South India projects would extend Time Ecotech Pvt. Ltd.’s recycling footprint beyond Bhilad, which is described as the first of three planned recycling plants. Saudi Damam III is classified as a packaging-products project. As each of the five projects is marked “project work is in process,” Time Technoplast had not reported commissioning of any of them at the time of the presentation.

How do the projects align with Time Technoplast’s segments?

Time Technoplast’s manufacturing programme spans polymer products and composite products, its two regulatory-reporting segments. In Q2FY27, polymer-products revenue increased 31% year on year to Rs 1,210.7 crore, while composite-products revenue rose 34% to Rs 785.4 crore. Polymer products accounted for 61% of segmental mix and composite products for 39%.

Polymer products include high-molecular-weight high-density polyethylene drums, jerry cans, pails, PE pipes, turf and mattings, disposable bins and MOX films. The pipe, pail and recycling projects therefore align with polymer operations. Composite products include IBCs, composite LPG, oxygen and CNG cylinders, energy-storage devices, auto products and steel drums, linking Morai, Silvassa, Bhuj and Georgia to this segment.

The two segments grew revenue but reported lower earnings before interest, tax, depreciation and amortisation, or EBITDA, margins than a year earlier. Polymer-products EBITDA margin declined to 12.9% in Q2FY27 from 14.2% in Q2FY26, while composite-products margin declined to 13.8% from 15.7%. Time Technoplast does not quantify the contribution of individual projects to those changes, though it identifies automation, consolidation and captive recycling as cost and efficiency mechanisms.

Conclusion

Time Technoplast’s completed projects reshape its manufacturing footprint through capacity consolidation, robotic automation, regional IBC production and captive recycling. Morai centralises CNG-cylinder production, Bhilad adds recycled-material supply and injection moulding, Silvassa expands IBC output, and Gummidipoondi separates PE-pipe manufacturing. In Q2FY27, composite-products revenue grew faster than polymer-products revenue, 34% versus 31%, although both segments recorded lower EBITDA margins.

The next disclosed milestone is Silvassa Phase II, which Time Technoplast expects to lift IBC capacity from 150,000 to 300,000 units annually by the end of FY27. Investors can also watch progress at Sanand, Cuttack, Chiplun, the North and South India recycling projects and Saudi Damam III, for which the presentation gives in-process status but no commissioning schedules or capacity figures.