Time Technoplast secures order worth Rs 2.30 crore

Time Technoplast Ltd. | Plastic Products | Chemicals & Fertilizers | BSE: 532856 | NSE: TIMETECHNO

16 Feb 2026 Evaluate

Time Technoplast has secured first trial order worth around Rs 2.30 crore (inclusive of all taxes) for a Type IV Composite Hydrogen Storage System. The project has been awarded to the company through an EPC contractor for a Navaratna Public Sector Undertaking (PSU) in the energy sector, with the end use supporting the Indian Armed Forces. The order marks an important step in the company’s participation in India’s evolving clean energy and defence infrastructure ecosystem.

The scope of work includes the design, engineering, manufacture in India, supply, integration, and commissioning of a Hydrogen Cascade Storage System with a usable capacity of 200 kg at 250 bar, utilizing advanced Type IV Composite Hydrogen Gas Cylinders. The system will feature a cascaded configuration, integrated safety devices, and comprehensive mechanical and environmental protection to ensure safe, reliable, and efficient operation. Execution will be carried out in coordination with the end user and relevant stakeholders, in full compliance with applicable safety, quality, and performance requirements for defence and strategic installations.

The company’s project for the manufacture of high-pressure composite cylinders for hydrogen and natural gas applications is at an advanced stage, and commercial production is expected to commence in Q1 FY 2026-27. This is expected to support order bookings under the new project expansion. This evolving energy landscape offers significant opportunities for the company to accelerate growth/ strengthen its market leadership in composite gas storage solutions, and create sustained long-term value for its stakeholders.

Time Technoplast (Time Tech) is a multinational conglomerate with operations in Bahrain, Egypt, Indonesia, India, Malaysia, U.A.E, Taiwan, Thailand, Vietnam, Saudi Arabia & USA is a leading manufacturer of polymer products.

Time Technoplast Share Price

187.95 1.90 (1.02%)

06-May-2026 14:27 View Price Chart

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