Time Technoplast Ltd receives approval for Composite Cylinders for OXYGEN and Breathing Air

Time Technoplast Ltd is the first and only Company in India to receive approval from Petroleum and Explosives Safety Organization (PESO) for manufacturing of Composite Cylinders for Oxygen and Breathing Air.

These Cylinders are used by fire fighters, mountain climbers, portable home oxygen bottles, mobile ambulance & Hospitals, Defence sector and for under water activities. This product is an import substitute and further has various additional advantages over the present metal cylinder i.e. lighter in weight, long shelf life, no rusting and corrosion, zero leakage, easy handling and useability. These cylinders have an additional feature of carrying double the quantity of gas in the same capacity of cylinder.

This composite cylinder is developed by the Company towards commitment for "Made in India, Made for the World" and "Atmanirbhar Bharat". This product has huge opportunity in India and overseas market, considering the various advantages / features as mentioned above.

Shares of Time Technoplast Limited was last trading in BSE at Rs. 77.10 as compared to the previous close of Rs. 74.93. The total number of shares traded during the day was 36087 in over 416 trades.

The stock hit an intraday high of Rs. 78.56 and intraday low of 76.35. The net turnover during the day was Rs. 2792950.00.

Source : Equity Bulls

Keywords

TimeTechnoplast INE508G01029 Approval PESO CompositeCylinders Oxygen BreahtingAir