Time Technoplast has announced the receipt of final approval from the Petroleum and Explosives Safety Organization (PESO) for manufacturing and supplying high-pressure Type-IV composite cylinders for hydrogen. This approval solidifies the company's position as the first in India to achieve this milestone, highlighting a significant step towards fostering sustainable green energy solutions. The approval comes after the company had previously obtained prototype approval for these cylinders and subsequently underwent joint testing and inspection for the final approval process. The company expressed enthusiasm about capitalizing on the expanding market driven by the global transition to green energy, emphasizing the positive implications of this technology on the industry and the environment. Time Technoplast, known for its production of polymer and composite products, offers a wide range of technology-based solutions for various sectors in the Indian economy, including packaging, automotive, healthcare, and construction. Furthermore, the company's financial performance has been impressive, with a notable 45.3% increase in consolidated net profit in Q4 FY24 compared to the previous year, alongside a 16.9% rise in revenue from operations during the same period. The positive reception of the news was reflected in the company's stock performance, with a slight increase on the trading day following the announcement. Time Technoplast's advancements in the hydrogen sector align with the broader trend towards sustainable energy solutions, positioning the company favorably in the evolving market landscape.