Time Technoplast Unit Signs Distribution Deal with Bulgaria's Monbat AD

MT Newswires Live

Feb 04

PowerBuild Batteries, a subsidiary of Time Technoplast (NSE:TIMETECHNO, BOM:532856), has entered into a business collaboration and exclusive distribution agreement with Bulgarian-based battery manufacturer Monbat AD, according to a Wednesday filing to the Indian stock exchanges.

Under the multi-year commercial collaboration, PowerBuild will exclusively distribute Monbat's maintenance-free, advanced valve-regulated lead-acid stationary and reserve power battery solutions in India.

The batteries will cater to the requirements of data centers, IT infrastructure, banking, and financial services institutions, and other mission-critical industrial applications.

The company's shares were up over 1% in recent trade.

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