Time Technoplast stock up 6% to become first to get PESO approval for high-pressure gas supplyTime Technoplast stock up 6% to become first to get PESO approval for high-pressure gas supply

Introduction

Leading composite cylinder manufacturer received PESO and TUV Rheinland approval for 2-litre Type-3 cylinders. Approval covers medical, hydrogen, and industrial applications, reinforcing leadership in advanced energy and safety solutions.

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Share price movement of Time Technoplast

On January 2, 2026, Time Technoplast Ltd opened at ₹193.95, up 3.06% from its previous close of ₹188.20. The stock reached a high of ₹199.25 (5.82%) and a low of ₹190.25. By 11:22 AM, it traded at ₹195.15, a 3.69% increase, with a market cap of ₹9,633.29 crore.

Time Technoplast Secures PESO Cylinder Approval

Time Technoplast Ltd received approval from PESO and TUV Rheinland India for manufacturing Type-3 fully wrapped fibre reinforced composite cylinders of 2-litre capacity. This makes it first in India.

The approval covers applications in transportation, hydrogen and oxygen drone systems, medical oxygen, SCBA, laboratory gases, and metalworking gases. It builds on the company’s existing approvals for larger composite cylinders.

The company aims to leverage this approval in emerging markets, including hydrogen-powered drones and medical oxygen sectors. The development strengthens its leadership in advanced composite cylinder technology and sustainable energy solutions.

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

Time Technoplast Ltd delivered a 2.28% return over the past week. It declined by 16.0% in the past six months and fell 22.4% over the past year.

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Shareholding pattern of Time Technoplast

Particulars	Nov 2025	Sep 2025	Jun 2025
Promoter	48%	52%	51.60%
FII	11.10%	8.40%	8.30%
DII	16.60%	13.20%	12.90%
Public	24.90%	26.80%	27.20%

About Time Technoplast

Time Technoplast Ltd (NSE: TIMETECHNO) is a multinational conglomerate specializing in manufacturing technology-driven polymer and composite products. The company focuses on innovation, advanced materials, and industrial applications across diverse global markets.

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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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