Time Technoplast Limited Latest Updates

Landmark PESO Approval for Type-3 Cylinders On January 1, 2026, Time Technoplast became the first company in India to receive approval from the Petroleum and Explosives Safety Organization (PESO) and TUV Rheinland for manufacturing High-Pressure Type-3 Fully Wrapped Carbon Fibre Composite Cylinders (2-litre capacity). These cylinders are designed for a wide range of applications, including medical oxygen, hydrogen transportation, and industrial gases like helium and argon. This approval broadens their value-added portfolio, which already includes Type-4 hydrogen and CNG cylinders. Breakthrough in Hydrogen-Powered Drones The company announced the successful completion of trials for India’s first hydrogen-powered drones on December 22, 2025. These drones utilize the company's proprietary Type-3 composite hydrogen cylinders and hydrogen fuel cells. To further this segment, Time Technoplast has entered a strategic partnership with Germany-based Poppe + Potthoff and Imperial Auto Industries to develop comprehensive hydrogen system solutions, targeting the growing green energy and defense markets in India. Significant Order Wins from HPCL & EPCs On December 31, 2025, the company secured a ₹51 crore contract from Hindustan Petroleum Corporation Limited (HPCL) for the supply of polymer packaging products (Conipack pails) over the next two years. Additionally, the company recently won a ₹190 crore order for HDPE pipes for power duct applications in the Andhra Pradesh Capital Region. These wins have bolstered the company’s total order book for the pipe segment to approximately ₹280 crore. Q2 FY26 Financial Highlights & Capital Raise In its last earnings report (November 2024), Time Technoplast reported a 17% year-over-year jump in net profit to ₹101 crore, with revenue growing 13% to ₹1,369 crore.