Time Technoplast Limited, a market leader in technology-based polymer and composite products, experienced a 15% surge in its stock value following the receipt of final approval from the Petroleum and Explosives Safety Organization (PESO) for the manufacturing and supply of Type-IV Composite Cylinders for Hydrogen. This approval signifies a major breakthrough for the company in the green energy sector. The company, known for its strong presence in Asia and MENA regions, offers a wide range of technology-driven products including industrial packaging solutions, infrastructure products, composite cylinders, and automotive components. With well-known clients like BASF, Du Pont, and Tata Motors, the company has established a solid customer base. Financially, Time Technoplast reported a 16.94% increase in Revenue from Operations in Q4FY24 along with a rise in profits. The company's return on equity (ROE) stands at 12.9% and return on capital employed (ROCE) at 16, with a debt to equity ratio of 0.32. Overall, the approval for manufacturing hydrogen cylinders has positioned Time Technoplast to tap into the growing market for green energy and enhance its market presence.