Time Technoplast Limited announced on August 7, 2025, signing a Memorandum of Understanding with Drone Stark Technologies (OPC) Private Limited to develop hydrogen-powered drones. The strategic partnership, initially for 3 years and extendable by mutual consent, combines Time Technoplast's hydrogen storage expertise with Drone Stark's UAV platform innovations.
The collaboration focuses on joint research, design, and testing of hydrogen-powered drones, emphasising performance metrics including flight endurance, altitude, and energy efficiency. By integrating advanced hydrogen storage solutions with Unmanned Aerial Vehicle platforms, the alliance seeks to establish new benchmarks for operational range and sustainability in the rapidly expanding drone market.
Time Technoplast, the first Indian company to receive PESO approval for high-pressure hydrogen cylinders, contributes proven expertise in Type III and Type IV composite cylinder technology. These solutions are widely applied in mobility and energy storage applications, positioning the company strategically for hydrogen-powered drone development with established regulatory credentials.
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Founded in 2019 by Mr Rohan Raut, Mumbai-based DSTPL brings indigenous UAV platform innovations, including OCTAGLIDE, capable of carrying payloads up to 30 kg and agricultural drones covering more than 30 acres daily. AI-enabled drones support critical missions including surveillance, firefighting, pollution monitoring, emergency response, and logistics operations.
With the global drone market projected to reach $75 billion by 2033, this partnership positions both companies to capture emerging opportunities through hydrogen-powered drones offering greater endurance and reduced emissions. The initiative reinforces the Make-in-India vision, combining sustainability with innovation to drive next-generation UAV sector advancements.
On August 7, 2025, Time Technoplast share price opened at ₹445.10 on NSE, below the previous close of ₹445.15. During the day, it surged to ₹452.00 and dipped to ₹438.75. The stock closed at ₹449.75 by the end of the day. The stock registered a moderate gain of 1.03%.
Over the past week, it has declined by 0.56%, over the past month, it has moved up by 0.25%, and over the past 3 months, it has moved up by 37.58%.
Time Technoplast's 3-year MoU with Drone Stark Technologies for hydrogen-powered drone development leverages complementary expertise in composite hydrogen cylinders and UAV platforms. The strategic partnership targeting the $75 Billion global drone market by 2033 demonstrates India's growing capabilities in sustainable aviation technology whilst supporting Make-in-India initiatives through innovative clean energy solutions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Aug 7, 2025, 4:45 PM IST
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