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Business Standard
3 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 Upturn
5 hours ago
- Business
- Business Upturn
PTC Industries shares rise nearly 2% after subsidiary Aerolloy Tech signs MoU with Safran Aircraft Engines
By Aditya Bhagchandani Published on June 25, 2025, 09:26 IST Shares of PTC Industries Ltd jumped 1.57% to Rs 14,980 in Wednesday's early trade after its wholly-owned subsidiary, Aerolloy Technologies Ltd (ATL), signed a Memorandum of Understanding (MoU) with Safran Aircraft Engines to strengthen India's defence aerospace manufacturing ecosystem. Under this strategic MoU, ATL and Safran Aircraft Engines will jointly focus on developing and manufacturing components and materials for military aircraft engines. Aerolloy Technologies is already a supplier of castings and aerospace materials, while Safran is a global leader in the design and production of civil and military aircraft engines. Both companies are already engaged in manufacturing parts for Safran's commercial LEAP engine program. This new agreement will extend their collaboration into the defence space. Sachin Agarwal, Chairman and Managing Director of PTC Industries, stated, 'The MoU between Aerolloy and Safran marks a significant step towards enhancing India's indigenous capabilities in military aircraft engine manufacturing. It aligns with the 'Make in India' initiative and strengthens our country's aerospace and defence production capacity.' At 9:22 AM, shares of PTC Industries were trading at Rs 14,980, up Rs 232 from the previous close of Rs 14,748. The stock's 52-week range stands between Rs 9,756.30 and Rs 17,995.00, with a market capitalization of Rs 22,418 crore. India's domestic mutual funds collectively own a 5.64% stake in the company, with Motilal Oswal Large and Midcap Fund holding 2.43%. Among key public shareholders are Vikas Khemani (3.21%), Mukul Agrawal (1.07%), Mona Russel Mehta (2.98%), and Ashok Kumar Shukla (1.11%). Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
21 hours ago
- Business
- Business Upturn
PTC Industries' subsidiary ATL signs MoU with Safran Aircraft Engines to strengthen India's defence aerospace ecosystem
PTC Industries Limited announced that its wholly owned subsidiary, Aerolloy Technologies Limited (ATL), has signed a Memorandum of Understanding (MoU) with Safran Aircraft Engines, a global leader in aerospace propulsion. This partnership aims to deepen cooperation in the manufacturing of critical components and materials for military aircraft engines. ATL, known for its expertise in aerospace-grade castings and materials, will work closely with Safran to support India's growing defense and aerospace needs. The collaboration aligns with the Indian Government's 'Make in India' initiative, reinforcing efforts to strengthen the local manufacturing ecosystem for defense technologies. This MoU builds on the existing relationship between ATL and Safran, particularly their successful collaboration on commercial LEAP engines used in civil aviation. With this new step, both companies aim to expand their cooperation into the military space, supporting the development of an indigenous aeroengine ecosystem. Sachin Agarwal, Chairman and Managing Director of PTC Industries, stated: 'This Memorandum of Understanding between Aerolloy Technologies Limited 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.' Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
