Time Technoplast's stock surged 3.66% to ₹190.95 following the announcement of receiving approval from the Petroleum and Explosives Safety Organization (PESO) for the design and manufacturing of 250-litre high-pressure Type IV composite hydrogen cylinders. This approval positions Time Technoplast as the first company in India to secure such a certification, marking a significant advancement in the hydrogen mobility sector. The cylinders are designed for use in buses, trucks, and trailers, and are expected to enhance energy efficiency and driving range compared to conventional compressed natural gas (CNG) systems, which operate at lower pressures of 200-250 bar. Hydrogen cylinders typically function at 350-700 bar, providing higher energy density. The validation phase for the initial prototype cylinders is projected to be completed within 90 days. Time Technoplast also holds previous approvals for 150-litre Type IV composite hydrogen cylinders and Type III composite cylinders for specialized applications, indicating a comprehensive presence in the hydrogen ecosystem. The company's composite segment reported ₹555 crore in revenue during the first nine months of FY26, reflecting robust demand. Additionally, a fully automated manufacturing facility has been established in Morai, Gujarat, to produce CNG and hydrogen cylinders, further solidifying its commitment to clean mobility solutions.