Time Technoplast gains on signing MoU with Drone Stark Technologies
Time Technoplast is currently trading at Rs. 453.50, up by 3.00 points or 0.67% from its previous closing of Rs. 450.50 on the BSE.
The scrip opened at Rs. 454.85 and has touched a high and low of Rs. 461.25 and Rs. 452.35 respectively. So far 5941 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 513.35 on 13-Dec-2024 and a 52 week low of Rs. 306.75 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 468.00 and Rs. 438.60 respectively. The current market cap of the company is Rs. 10430.79 crore.
The promoters holding in the company stood at 51.62%, while Institutions and Non-Institutions held 21.21% and 27.17% respectively.
Time Technoplast has signed a Memorandum of Understanding (MoU) with Drone Stark Technologies (OPC) (DSTPL). The agreement, initially for three years and extendable by mutual consent, aims to develop hydrogen-powered drones using composite hydrogen cylinders and fuel cell technology.
The collaboration focuses on joint research, design, and testing of hydrogen-powered drones with an emphasis on performance metrics such as flight endurance, altitude, and energy efficiency. By integrating advanced hydrogen storage solutions with Unmanned Aerial Vehicle (UAV) platforms, the alliance seeks to set new benchmarks for operational range and sustainability.
Time Technoplast, a leading multinational and the first Indian company to receive Petroleum and Explosives Safety Organization (PESO) approval for high-pressure hydrogen cylinders, brings proven expertise in Type III and Type IV composite cylinder technology widely applied in mobility and energy storage solutions. As the global drone market is projected to reach $75 billion by 2033, this partnership positions both companies to capture emerging opportunities with hydrogen-powered drones offering greater endurance and reduced emissions.
Time Technoplast (Time Tech) is a multinational conglomerate with operations in Bahrain, Egypt, Indonesia, India, Malaysia, U.A.E, Taiwan, Thailand, Vietnam, Saudi Arabia & USA is a leading manufacturer of polymer products.
