PTC Industries shares jump 8% on bagging over ₹100 crore order; key details to know

This is because the company on Thursday announced the receipt of a significant order exceeding ₹100 crore in value for the supply of critical titanium castings from BrahMos Aerospace.

In its press release, the company said PTC’s association with BrahMos dates back to 2019, and the company has consistently supported the programme through the supply of specialised titanium components and raw materials like titanium mill forms.

This latest order represents a significant step forward in the growing partnership between PTC and BrahMos and reflects the shared commitment of both organisations to further the goals of indigenisation and technological self-reliance under the Government of India’s Aatmanirbhar Bharat initiative.

Speaking on this development, Sachin Agarwal, Chairman and Managing Director of PTC Industries, said, “We are honoured to announce this significant order from BrahMos Aerospace. It is a strong endorsement of our technological and manufacturing capabilities and long-standing commitment to India’s strategic sectors. This development not only deepens our engagement with one of the country’s most significant defence programmes but also reinforces our broader mission to build advanced materials and critical component manufacturing capabilities in India for the world.”

About PTC Industries

PTC Industries is one of the leading Indian manufacturers of precision metal components for critical applications. Through its wholly owned subsidiary Aerolloy Technologies Limited, the company is manufacturing and supplying titanium and superalloy castings for aerospace and defence applications within India as well as for exports.

"The company is substantially expanding its capability by making a multi-million-dollar investment in a new state-of-the-art manufacturing facility on its 50 acres of land in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. This facility will house a fully vertically integrated plant with a titanium and superalloy mill, producing aerospace-grade ingots, billets, bars, plates and sheets in critical and strategic materials, as per the company.

PTC Industries share price trend

Shares of PTC Industries have rallied nearly 30% in the past six months. The stock is a part of the BSE500 universe. In comparison, the NIFTY50 index has gained 11.22%, while the S&P BSE SENSEX has risen over 10%.