Announced Thu, 13 Aug · 19:31 IST
Time Technoplast wins hydrogen storage order for NTPC locomotive pilot
TIMETECHNO · price
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Price reaction · full curve 14 horizons · vs prior close
-6.5%1-day move
₹204.25
prior close
₹198.40
base price
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AI summary
Time Technoplast has secured a 2.48 crore order to supply Type IV Composite Cylinder Hydrogen Storage Cascade and Fuel Delivery System for NTPC's hydrogen-powered locomotive pilot project. The order was awarded through EPC partner Concorde Control Systems. Delivery is to be completed within four months. The project marks a key milestone in India's hydrogen mobility sector and validates the company's indigenous hydrogen storage technology.
Likely market impact
Strengthens hydrogen portfolio and validates indigenous tech; small order size but strategically significant for future growth.