Time Technoplast Ltd traded higher on Wednesday, Dec 10, climbing 4.38% to Rs 192.67 after the company announced a major strategic partnership aimed at accelerating India’s hydrogen ecosystem development. The stock gained more than Rs 8 in early trade as investors reacted positively to the clean-energy collaboration.
The company said it has entered into a three-way alliance with Germany-based Poppe + Potthoff GmbH and New Delhi-based Imperial Auto Industries to jointly develop and deploy comprehensive hydrogen system solutions across the country. The partnership brings together expertise in energy-storage systems, high-pressure composite cylinders, precision engineering and fluid-transmission technologies.
Time Technoplast will contribute its manufacturing capabilities in high-pressure Type-IV composite cylinders for hydrogen storage and transportation under its “Made in India” platform. Poppe + Potthoff will support the effort with advanced precision engineering solutions and high-pressure hydrogen testing systems, including its TOPAQ® technology. Imperial Auto will add its deep experience in designing and producing critical fluid-conveyance assemblies for major automotive and industrial OEMs.
According to the companies, the initiative will focus on strengthening India’s hydrogen infrastructure—spanning storage, distribution and end-use applications—to accelerate adoption of hydrogen as a clean-energy source. The move is expected to support domestic innovation, boost job creation and contribute to India’s long-term sustainability and decarbonisation goals.
“We are delighted to unite our complementary capabilities in this forward-looking alliance,” the companies said in a joint statement. “Together, we aim to deliver reliable, scalable, and future-ready hydrogen technologies that will support India’s clean-energy ambitions and shape a greener tomorrow.”
The collaboration highlights India’s rapid progress in emerging hydrogen technologies and reinforces Time Technoplast’s position in next-generation energy-storage solutions.
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