PROJECT

Projects

Summary of Investment Information

Project Number

40768

Company Name

TIME TECHNOPLAST LIMITED

Date SPI Disclosed

May 29, 2018

Country

India

Region

South Asia

Projected Board Date

Jun 21, 2018

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 1, 2025

Department

Regional Industry - MAS Asia & Pac

Industry

Manufacturing

Previous Events

Approved : Jun 28, 2018
Signed : Jul 27, 2018
Invested : Dec 10, 2018

Sector

Other Plastic and Rubber Products (Including Polypropylene Bags, Housing Components, Containers, etc.)

Project Description

 Time Technoplast Limited (TTL or the Company) is India’s largest manufacturer of polymer-based industrial packaging (IP) products (e.g. plastic drums, tanks, pails, pallets, Intermediate Bulk Containers). It also produces high-density polyethylene (HDPE) pipes, technical and lifestyle products, composite gas cylinders and cross-laminated (MOX) films. The proposed IFC investment is an A loan of up to INR2,600 million (approximately US$40 million) to fund the Company’s capital expenditure in India.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation