Time Technoplast soars on getting PESO`s nod to manufacture 250-litre hydrogen cylinders
Time Technoplast is currently trading at Rs. 190.55, up by 6.35 points or 3.45% from its previous closing of Rs. 184.20 on the BSE.
The scrip opened at Rs. 186.10 and has touched a high and low of Rs. 192.25 and Rs. 186.10 respectively. So far 176958 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 248.95 on 16-Sep-2025 and a 52 week low of Rs. 153.38 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 201.15 and Rs. 157.50 respectively. The current market cap of the company is Rs. 9391.41 crore.
The promoters holding in the company stood at 47.56%, while Institutions and Non-Institutions held 28.25% and 24.19% respectively.
Time Technoplast has received approval from the Petroleum and Explosives Safety Organization (PESO) for the design and manufacturing of 250-litre high-pressure Type IV composite hydrogen cylinders intended for onboard applications in public transportation (buses) and goods carriers (trucks and trailers).
This approval marks a significant milestone, as Time Technoplast becomes the first company in India to receive such authorization for this category of hydrogen storage systems. PESO has recommended the manufacture of initial prototype cylinders for joint inspection and testing, with the validation phase expected to be completed within the next 90 days.
Hydrogen, as a clean energy carrier, produces only water as a byproduct, making it a critical enabler of sustainable mobility. Operating at significantly higher pressures (typically 350–700 bar) compared to conventional CNG systems (around 200–250 bar), hydrogen cylinders enable enhanced energy density, longer driving range, and improved efficiency which positions them as a key solution for next-generation transportation.
The Company already holds approvals for 150-litre Type IV composite hydrogen cylinders, and this new approval for 250-litre cylinders further strengthens its commitment to advanced composite technologies. It also reinforces the strategic shift toward replacing conventional heavy metal cylinders with lightweight, high-performance composite alternatives, delivering both operational and cost efficiencies.
