Time Technoplast Limited has informed the Exchange about approval received for the Manufacture of Type-3 Fully Wrapped Fibre Reinforced Composite Cylinders for Compressed Gases from PESO and TUV Rheinland (India) Pvt. Ltd.
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Time Technoplast has received approval from PESO (a Government of India nodal agency) and TUV Rheinland to manufacture and supply 2-litre Type-3 Fully Wrapped Fibre Reinforced Composite Cylinders for compressed gases. The company claims it is the first in India to secure this approval across various high-pressure gases. The cylinders can be used for hydrogen and oxygen transportation, hydrogen-powered drones, medical oxygen and breathing apparatus, and industrial gases like nitrogen, helium, argon, and carbon dioxide. This adds to the company's existing approvals for 6.8-litre composite oxygen/breathing air cylinders and Type-3/T-type-4 hydrogen cylinders. The company highlights the global medical oxygen market (~US $2.55 bn in 2025, projected ~US $4.97 bn by 2032) and the drone market (projected ~US $40 bn by 2030) as growth opportunities.
This regulatory clearance expands Time Technoplast's addressable market in green energy, medical, and drone applications and strengthens its first-mover advantage in India. No immediate revenue impact is disclosed, but the approval supports future growth optionality in high-pressure composite cylinder segments.