Time Technoplast Ltd has received final approval from the Petroleum and Explosives Safety Organization (PESO) to manufacture high-pressure Type-IV composite cylinders tailored for hydrogen storage. This approval marked a significant milestone, making the company the first in India authorized for manufacturing and supplying these cylinders. This development positions Time Technoplast to lead in the expanding hydrogen fuel market, aligning with the global shift towards sustainable energy sources. The company anticipates a positive environmental impact from this technology and aims to capitalize on the market opportunities it presents. Following this announcement, the stock price of Time Technoplast Ltd surged, reaching a new 52-week high. The company, known for its production of large plastic drums and composite cylinders, emphasizes industrial packaging and value-added products. With a diverse product range and a strong order book, the company is well-positioned for growth in the evolving energy sector. Investors have shown optimism towards Time Technoplast Ltd, evident in the remarkable rise in the stock price and positive financial performance. The company's market cap and impressive returns further underscore its potential for future success. This news article provides insights into the company's achievements in the clean energy sector and its growth trajectory, offering investors valuable information for decision-making.