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Time Technoplast shares rose over 4% after the company received approvals from PESO and TUV Rheinland to manufacture and supply 2-litre high-pressure composite cylinders used for compressed gas applications.
Time Technoplast manufactures industrial plastic products, including composite cylinders, packaging solutions and infrastructure materials.
PESO is Petroleum and Explosives Safety Organisation & it is India’s regulator that approves and oversees safety standards for petroleum, gas and explosive products. TÜV Rheinland is a global certification and testing company that verifies product quality, safety and compliance with international standards.
Note: this milestone makes Time Technoplast the first company in India to secure approval for a variety of high-pressure gas cylinders.
Context: Time Techno has been steadily building expertise in advanced composite cylinders, the kind used to safely store and transport gases like oxygen and hydrogen.
It already had approvals for oxygen, breathing air and hydrogen cylinders in different sizes, which are far more advanced and lighter than traditional steel ones.
Breaking it down: with the latest PESO approval, these cylinders can be used almost everywhere, from medical oxygen in hospitals and emergency services, to hydrogen transport systems, to industrial gases used in labs and metal factories.
The approval means the cylinders are cleared for widespread use, signalling strong safety standards and regulatory trust.
There’s more, the company is also exploring hydrogen-powered drones, which can fly longer and emit less than conventional drones.
Big picture: Hydrogen and oxygen are becoming critical to clean energy, healthcare and future mobility. This approval puts the company right in the middle of that shift and in line with the “Make in India, For the World” push.
