The significance of this for TTPL is twofolds -:
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Continued high demand for type iv cascades as gas network keeps on increasing
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Secondly, more importantly, they’ll be launching CNG TYPE IV CYLINDERS for Automotive application once Cng cylinders capacity expansion is completed this FY , both for OEM’s and Replacement/ aftermarket segments.
They have been focusing on cascades till now because of capacity limitations… once expanded capacity comes in, then Cng automotive application becomes another big, medium term/Long term growth driver.
I think that’s why they’re so keen on restructuring and selling majority stake in overseas business and investing it in india CNG operations… because the growth opportunity does seem quite attractive
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