Time Technoplast Ltd
Time Technoplast - Emerging leader in technology based polymer products and next generation batteries
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3 comments:
- FYO8 EPS (without extraordinary item) at 36/- per share.
- Stock split from 10/- to 1/- face value.
- Dividend declared at 30%
- Acquisitions/Joint venture planned - one at bulgaria and other yet to be known.
FY09 Q1 topline 188 crore, bottomline 19.5 crore.
EPS at 8.2/-
-manish
Time Technoplast expands its battery operations in India (9th April 09)
Time Technoplast (TTL) announced the commencement of commercial production at its battery expansion project at Panoli (Gujarat).
In September 2008, the company had undertaken a major expansion of its battery operations at Panoli near Ankleshwar (Gujarat), through NED Energy (NED), its 71% subsidiary. The said expansion has successfully been completed in record time of six months and the commercial production at the plant commenced with effect from Mar 28, 2009.
The total installed capacity at this location stands at 100 MAHs, with sale value of Rs 900 million at current raw material levels. NED has already established its quality leadership for serving the telecom batteries and would absorb this additional capacity with existing customers.
After acquisition of NED, Hyderabad based VRLA battery manufacturing company, TTL was hard pressed to increase its capacity to be able to meet up huge demand for its products in telecom sector. Whereas in early 2008-09, it acquired 100% stake in Gulf Powerbeat WLL (Bahrain), a `ready to use` facility manufacturing key battery components, it simultaneously embarked upon implementing a battery assembly project at Panoli (Gujarat).
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