Time Technoplast Limited has decided to introduce an additional product in its existing Polyethylene (PE) pipe business to include pipes designed for the gas distribution industry for both public and private sectors.

This initiative fosters the company’s continued dedication to promoting the use of PE Pipe, leveraging its advantages such as lightweight, extended lifespan, and durability, to strengthen its presence in the infrastructure sector.

The company already serves PE Pipes (existing product) through EPC contractors in various sectors, including water supply, irrigation, sewage, effluent treatment, desalination plants, power plants, and cable ducting, across its facilities in India’s western, southern, and eastern regions.

Time Technoplast's current portfolio of customers for composite products includes more than 20 gas distribution companies, spanning both the public and private sectors, that have shown interest in our development. Along with other potential customers, these will be targeted for the marketing of our latest addition of PE pipes for gas pipes.

With this addition, the company is set to boost capacity utilization with minimal adjustments to existing manufacturing equipment & processes including the material mix. This is a further testament to the company’s forecast of 30% growth in the PE pipe segment.

This development will be supported by the company’s in-house R&D team and an estimated overall capital expenditure (CAPEX) up to a maximum of Rs. 8 crore and is a part of projected CAPEX expenditure for regular maintenance, re-engineering, automation, product developments and greenfield and brownfield expansions projects in India and overseas.

The company is estimating a maximum of four months for the development of this product, including the approval process from the Bureau of Indian Standards (BIS). The benefits are anticipated to begin materializing from Q2 of FY 2025-26.

This addition further aligns with India’s ongoing infrastructure development efforts for Gas Distribution, including the PM Ujjwala Yojana, smart city projects, and the replacement of traditional metal pipes with PE pipes for enhanced durability beneath roadways.

The polyethylene pipes (PE) market is projected to experience significant growth in the coming years, reaching a value of $13.7 billion by 2029. This growth is mainly driven by the expansion of gas distribution networks, renewable energy initiatives, urbanization, infrastructure development, and the increasing demand for water and wastewater management solutions.