Time Technoplast becomes first in India to get PESO approval for 250L hydrogen cylindersTime Technoplast becomes first in India to get PESO approval for 250L hydrogen cylinders

Introduction

Leading composite manufacturing company received PESO approval for 250-litre Type IV hydrogen cylinders for buses and trucks, advancing hydrogen storage solutions in India.

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Share price movement of Time Technoplast

On April 30, 2026, Time Technoplast Ltd opened at ₹186.10, up 1.09% from its previous close of ₹184.20. The stock reached a high of ₹192.25 (4.39%) and a low of ₹186.10. By 12:28 PM, it traded at ₹190.30, a 3.31% increase, with a market cap of ₹9,393.88 crore.

Time Technoplast Hydrogen Cylinder Approval

Time Technoplast received PESO approval for 250-litre Type IV composite hydrogen cylinders for buses, trucks and trailers. It enables onboard hydrogen storage for public and goods transport applications.

The approval makes Time Technoplast the first company in India authorized for this hydrogen cylinder category. PESO recommended prototype manufacturing and joint testing with validation expected within 90 days.

The company already holds approvals for 150-litre and Type III hydrogen cylinders. It operates a composite manufacturing facility in Gujarat and reported Rs.555 crore revenue from composite segment in 9MFY26.

Stock performance of Time Technoplast for period of 1 week, 6 months, and 1 year

Time Technoplast Ltd delivered a 1-week return of -2.10%, a 6-month return of -14.4%, and a 1-year return of 9.11%.

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Shareholding pattern of Time Technoplast

Particulars	Mar 2026	Dec 2025	Sep 2025
Promoter	47.60%	47.50%	47.50%
FII	10.90%	11.70%	11.10%
DII	17.40%	16.70%	16.60%
Public	24%	24%	24.90%

About Time Technoplast

Time Technoplast Ltd (NSE: TIMETECHNO) is multinational conglomerate engaged in manufacturing technology and innovation driven polymer and composite products across industrial applications globally diversified portfolio.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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