Time Technoplast Ltd receives approval from PESO for High Pressure Type-IV composite cylinder prototype for Hydrogen

Time Technoplast Ltd have received approval from the Petroleum and Explosives Safety Organization (PESO) for the manufacturing of HIGH PRESSURE TYPE-IV COMPOSITE CYLINDER, PROTOTYPE, FOR HYDROGEN. The Authority has advised us to manufacture 1st lot of cylinders for their joint testing & inspection. The testing of 1% lot of cylinders shall be completed in approx. six months' time.

We are the FIRST COMPANY IN INDIA to have received this manufacturing approval & this milestone marks a significant step forward in our efforts towards Sustainable Green Energy Solutions.

With this approval, we are poised to contribute to the advancement of Green hydrogen technology and its role in shaping a greener future.

Shares of Time Technoplast Limited was last trading in BSE at Rs. 193.65 as compared to the previous close of Rs. 200.65. The total number of shares traded during the day was 156782 in over 2364 trades.

The stock hit an intraday high of Rs. 203.75 and intraday low of 191.15. The net turnover during the day was Rs. 30675570.00.

Source : Equity Bulls

Keywords

TimeTechnoplast INE508G01029 Approval PESO CompositeCylinder Type4 Hydrogen