Time Technoplast shares surged by over 5% on Friday, January 2, 2026, reaching an intraday high of 197.80. This significant rise followed the company's announcement of receiving approvals from PESO and TUV Rheinland for manufacturing high-pressure Type-3 composite cylinders. This makes Time Technoplast the first Indian company to gain approval for such cylinders, which can be used for compressed gas applications including hydrogen, oxygen, and medical gases.