Time Techno surges

Shares of Time Technoplast continued to trade firm on the BSE, extending gains after the company announced the successful flight trials of its in-house hydrogen-powered drone. The stock rose 1.6% to Rs. 187, after touching an intraday high of Rs. 189.85, compared with the previous close of Rs. 184.10.

Trading volumes remained modest at about 0.4 lakh shares, with the price hovering close to the VWAP of Rs. 187.6. At current levels, the stock is trading well above its 52-week low of Rs. 153.38, though still around 26% below the 52-week high of Rs. 254.

The positive market reaction follows Time Technoplast’s disclosure that its hydrogen-powered drone has successfully completed initial performance and validation trials, meeting targeted endurance, payload and operational benchmarks.

This marks the first successful integration in India of indigenously manufactured Type-III composite hydrogen cylinders with a fuel-cell-powered unmanned aerial platform. The development builds on the company’s earlier PESO approval for Type-III hydrogen cylinders and its MoU with Drone Stark Technologies, indicating a planned pathway from technology validation to commercial deployment rather than a standalone pilot project.

From a strategic perspective, the milestone reinforces Time Technoplast’s positioning beyond conventional plastic and composite products into advanced clean-energy applications. Hydrogen propulsion offers meaningful advantages over battery-based drones, including significantly longer flight endurance, faster refuelling cycles, higher payload capacity and zero-emission operations, making it relevant for defence, industrial inspection, logistics and surveillance use cases.

With the global drone market estimated at about $30 billion and projected to grow sharply over the next decade, the company’s early move into hydrogen-based solutions could expand its addressable market and create longer-term optionality.

While the immediate financial impact of the drone initiative is unlikely to be material, investors appear to be factoring in the strategic value of this capability, especially as it leverages the company’s core strengths in advanced composites and pressure vessels. With a market capitalisation of about Rs. 9,231 crore and the stock trading in the mid-range of its one-year price band, the development is being viewed as a sentiment and positioning positive, underscoring Time Technoplast’s efforts to align its portfolio with emerging clean-energy and advanced mobility themes.