Time Technoplast Limited has informed the Exchange regarding ' Approval Received From Bureau Veritas Services SAS, France (International Agency) For Fully Wrapped Fibre Reinforced Refillable Type IV Composite Cylinder For Hydrogen Application 150 Litres'.
TIMETECHNO · price
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Time Technoplast has received international certification from Bureau Veritas (France) for its fully wrapped fibre reinforced Type IV composite cylinder designed for hydrogen storage (150 litre capacity). The company already holds Indian PESO approval (received June 2024) and claims to be the only Indian firm with both domestic and international certifications for this product. The approval enables supply to global markets and supports the Make in India initiative. The hydrogen composite cylinder market is projected to grow at 13.2% CAGR, from USD 1.125 billion in 2024 to USD 4.4 billion by 2036. The certification is the result of 3-4 years of in-house R&D funded through internal accruals.
Positive long-term signal — international certification opens export opportunities in the growing hydrogen economy and gives Time Technoplast a first-mover advantage in India. No immediate revenue impact or order size is disclosed, so near-term stock movement may be limited.