Latest news with #AerolloyTechnologies
Business Standard
12 hours ago
- Business
- Business Standard
PTC Inds gains after arm signs MoU with Safran Aircraft
PTC Industries added 2.59% to Rs 15,123.80 after the company's subsidiary, Aerolloy Technologies (ATL) has signed the memorandum of understanding (MoU) with Safran Aircraft, to manufacture the components and materials for military aircraft engines. This MoU reflects a commitment to the Indian Governments Make in India policy, marking additional steps toward Safran Aircraft Engines ambition to develop a comprehensive aeroengine ecosystem in India and ATLs growing role in the indigenous production of critical aerospace components as well. Sachin Agarwal, chairman and managing director of PTC Industries, said: This memorandum of understanding between Aerolloy Technologies and Safran Aircraft Engines marks a significant step towards enhancing India's indigenous capabilities in military aircraft engine manufacturing. It aligns with the "Make in India" initiative, fostering collaboration and innovation in the aerospace sector while addressing the defence needs of the country. The ongoing partnership for commercial LEAP engines lays a strong foundation for this expanded cooperation. PTC Industries is a leading Indian manufacturer of precision metal components for critical applications for over 60 years. Through its wholly owned subsidiary Aerolloy Technologies, the company is manufacturing and supplying titanium and superalloy castings for aerospace and defence applications within India as well as for exports. The companys consolidated net profit jumped 66.9% to Rs 24.57 crore on 68.4% increase in net sales to Rs 121.92 crore in Q4 FY25 over Q4 FY24.
Business Standard
12 hours ago
- Business
- Business Standard
Stock Alert: PTC Inds, Mastek, Aurobindo Pharma, JB Chemicals, Hindalco Inds
Securities in F&O Ban: Titgarh Rail Systems shares are banned from F&O trading on 25 June 2025. Stocks to Watch: PTC Industries subsidiary, Aerolloy Technologies announced the memorandum of understanding (MoU) with Safran Aircraft Engines to develop cooperation on the manufacturing of components and materials for military aircraft engines. Masteks chief financial officer, Raghavendra Jha has submitted his resignation from the services. Aurobindo Pharmas wholly owned step-down subsidiary, CuraTeQ Biologics s.r.o., has obtained marketing authorization from the UKs Medicines and Healthcare products Regulatory Agency (MHRA) for Dyrupeg. JB Chemicals & Pharmaceuticals has received approval from United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application (ANDA), Amitriptyline Hydrochloride tablets. Rashtriya Chemicals & Fertilizers (RCF)s board approved raising non convertible debentures (NCDs) worth Rs 300 crore on private placement basis. Hindalco Industries has announced the acquisition of 100% equity stake in US-based AluChem Companies for an enterprise value of $125 million. The acquisition will be carried out through Aditya Holdings LLC, a stepdown wholly owned subsidiary of Hindalco.
