Time Technoplast share price gained in early trade on Friday, January 2, 2026, after the company informed exchanges of a regulatory clearance. The company informed exchanges that it has received approvals from the Petroleum and Explosives Safety Organization (PESO) and TÜV Rheinland (India).
The approval is for the manufacture and supply of high-pressure Type-3 fully wrapped fibre-reinforced composite cylinders with a capacity of 2 litres, meant for compressed gas applications.
As per the filing, the PESO approval provides blanket coverage for the approved cylinder. The cylinders can be used for hydrogen and oxygen transportation, cascade storage systems, medical oxygen supply, and self-contained breathing apparatus used in hospitals and emergency situations.
The approval also covers laboratory and industrial gases such as nitrogen, helium, argon and carbon dioxide.
Time Technoplast already has approvals for Composite Oxygen and Breathing Air Type-3 cylinders with a capacity of 6.8 litres.
It also holds approvals for Composite Hydrogen cylinders in Type-3 format with a capacity of 6.8 litres and Type-4 cylinders with a capacity of 150 litres. The newly approved 2-litre cylinder adds to the list of certified products.
Separately, on December 31, the company received an order from Hindustan Petroleum Corporation valued at around ₹51 crore. The contract involves the supply of rigid packaging products, including Conipack pails ranging from 7.5 litres to 20 litres. The supplies are scheduled to be completed over a two-year period.
On January 2, 2026, at 12:39 PM, Time Technoplast share price is trading at ₹196.71, a 4.40% increase from the previous closing price.
Read More: Larsen & Toubro Share Price in Focus on Securing Major Orders in Minerals and Metals Business!
The announcement of regulatory approval for high-pressure composite cylinders coincided with gains in Time Technoplast’s share price during early trade on January 2, 2026.
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Published on: Jan 2, 2026, 12:43 PM IST
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