Time Technoplast says double cylinder capacity will reach 1.4 mn by June

Time Technoplast says double cylinder capacity will reach 1.4 mn by June

Managing director of Time Technoplast, Anil Jain, has said the company is planning to double its cylinder capacity from the current 7,00,000 to 14,00,000 by June.

In an interview to CNBC-TV18, he said, “We have a capacity of 700,000 cylinders which came in progressively during the year. So we will end up producing 500,000 cylinders in the current financial year which would be 70-75 percent of the capacity.”

On the orders bagged by the company, he said, “We have strong order book right now and as to asset to turnover, with an investment of about Rs 75 crore, we can do Rs 150 crore turnover on the composite cylinders. However, as we increase our capacity, this would come down a bit.”

Image Credit : timegroupglobal.com