Time Technoplast’s shares jumped about 3% in early trading on Jan 2 after the firm got clearance to produce new high‑pressure cylinders.
Approval for 2‑litre high‑pressure cylinders
The company said it received approval from the Petroleum and Explosives Safety Organization (PESO) and TUV Rheinland (India) to make 2‑litre type‑3 fully‑wrapped fibre‑reinforced composite cylinders for compressed gases.
Other existing approvals
- Composite oxygen and breathing‑air cylinders (type‑3) – 6.8 L capacity
- Composite hydrogen cylinders – type‑3 (6.8 L) and type‑4 (150 L)
New contract with Hindustan Petroleum
On Dec 31 the firm signed a contract worth roughly ₹51 crore to supply rigid packaging pails (7.5 L‑20 L) over the next two years.
Share price snapshot
- Current price: ₹193.90, up ₹5.70 (≈3%)
- Previous close: ₹188.20
- 52‑week high: ₹254 (Jan 2 2025)
- 52‑week low: ₹153.38 (May 9 2025)
- Market cap: about ₹9,290 crore
Remember, this is just information, not a prediction. Do your own research before making any investment decisions.