Shares of Time Technoplast rose nearly 3 percent after the company received approval to manufacture and supply high-pressure type-3 fully wrapped fibre-reinforced composite cylinders.
In an exchange filing, the company said the approval allows it to manufacture 2-litre capacity composite cylinders, which are designed to withstand high pressure and are used in specialised industrial applications. These type-3 cylinders feature an aluminium liner fully wrapped with fibre reinforcement, offering a lightweight yet durable solution.
The development is expected to strengthen Time TechnoplastтАЩs presence in the advanced composite cylinders segment and support its growth plans in high-value industrial products.
