Time Technoplast Limited has successfully secured its first trial order for Type IV Composite Hydrogen Storage Systems, valued at approximately ₹2.30 Crores. The order was awarded through an Engineering, Procurement, and Construction (EPC) contractor for a Navratna Public Sector Undertaking (PSU) in the energy sector. This project is significant as the end use is dedicated to supporting the Indian Armed Forces, marking a milestone in the company’s entry into India’s clean energy and defense infrastructure.

The scope of the contract involves the design, engineering, and manufacturing of the systems within India, followed by supply, integration, and commissioning. Specifically, the company will provide a Hydrogen Cascade Storage System with a usable capacity of 200 kg at 250 bar, utilizing advanced Type IV Composite Hydrogen Gas Cylinders. The execution of this order is expected to be completed within one year. This trial order serves as a critical validation for Time Technoplast’s advanced composite technology in high-pressure gas storage applications.

Time Technoplast is a leading manufacturer of technology-based polymer and composite products, holding a dominant position as the world’s third-largest producer of Intermediate Bulk Containers (IBCs). In early 2025, the company received crucial PESO approval for manufacturing Type-III high-pressure composite cylinders, targeting the $40 billion global drone market and medical oxygen sectors. Additionally, its subsidiary, Power Build Batteries, recently secured ICAT approval for e-Rickshaw batteries, projecting a revenue of ₹150 Crores over three years. The company is also expanding its footprint through a long-term collaboration with Monbat AD for battery distribution in Europe.

For the third quarter ended December 31, 2025, the company reported a consolidated revenue of ₹1,564.77 Crores, reflecting a 12.8% year-on-year growth. Net profit for the same period stood at ₹126.34 Crores, marking a substantial increase of 25.4% compared to the corresponding quarter of the previous year. The company’s growth is largely driven by its value-added products segment, which saw a 19% growth in Q3 FY26. Notable institutional investors include marquee names such as HDFC Mutual Fund, Tata Mutual Fund, and the Aberdeen Group, following a successful ₹800 Crore Qualified Institutional Placement (QIP) completed in November 2025.