Time Technoplast Ltd. shares jumped more than 2% today following the company’s announcement that it has successfully obtained the Bureau of Indian Standards (BIS) License under IS 14885:2022. This certification allows the company to manufacture and sell PE Pipes for gas distribution networks—a key milestone achieved on schedule in Q2 FY26. As of 9:36 AM, the shares were trading 2.72% higher at Rs 215.50.
PE Pipes are highly valued in the infrastructure sector due to their lightweight design, durability, and long service life. By entering this segment, Time Technoplast is set to strengthen its market presence and support sustainable infrastructure growth across the country.
India’s PE Pipe market is projected to reach $13.7 billion by 2029, driven by urbanization, expanding gas networks, and increasing water management needs. Time Technoplast’s entry into the gas distribution segment positions the company to capture a significant share of this growing market.