Time Technoplast stock jumps over 15% to new record high on final approval for high-pressure hydrogen cylinders

Time Technoplast’s stock increased by as much as 15 per cent on Friday, reaching a new 52-week high of Rs 343.70 per share.

The increase in share price happened when the company received the final approval from the Petroleum and Explosives Safety Organisation (PESO), a government authority, to manufacture Type-IV Composite Cylinders for Hydrogen.

A global company, Time Technoplast Ltd. (Time Tech) is well-known in Bahrain, Egypt, Indonesia, India, Malaysia, the United Arab Emirates, Taiwan, Thailand, Vietnam, Saudi Arabia and the United States.

It is well-known for being a leading manufacturer of polymer products, providing a wide range of innovative solutions for developing market segments such as lifestyle products, automotive components, healthcare products, infrastructure/construction materials, composite cylinders and industrial packaging solutions.

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