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Aerolloy Technologies, a wholly owned subsidiary of PTC Industries, today announced that it has signed a landmark agreement with Airbus for the development, production and supply of Titanium castings for the A320neo, A330neo and A350 aircraft programmes.
The agreement follows Airbus' evaluation process, under which Aerolloy has been selected to undertake development and industrialisation activities for Titanium casting requirements across these programmes. The scope includes development, qualification and production activities, with qualification forming an important milestone towards serial supply.
Under this agreement, Aerolloy will manufacture Titanium castings through its integrated route — beginning with Titanium material produced by Aerolloy and continuing through precision casting, machining, inspection and delivery in a fully machined, ready-to-fit condition.
PTC Industries has received a development order from Gun Factory Kanpur for two major artillery gun components.
The order reinforces PTC's growing position in India's defence and aerospace manufacturing ecosystem, particularly in advanced, mission-critical components for land defence systems.
Sachin Agarwal, Chairman & Managing Director, PTC Industries, said: 'This development order from Gun Factory Kanpur is an important step in PTC's growing role in India's defence manufacturing ecosystem. Our continuing work on the M777 ultra-lightweight howitzer programme has strengthened our experience in demanding artillery applications, and this new order further expands our engagement with advanced indigenous artillery platforms. We remain committed to supporting India's self-reliance in defence manufacturing.'
PTC Industries has received a design and development order from the Armament Research & Development Establishment (ARDE), a laboratory of the Defence Research and Development Organisation (DRDO), for a Titanium Cradle for the 105mm Indian Light Weight Tank.
This is an important milestone as it marks PTC's first order where the Company will be responsible not only for manufacturing, but also for designing and developing the component to be fit for purpose, moving beyond conventional build-to print manufacturing.
The Titanium Cradle supports the main gun barrel and breech, provides attachment points for the recoil mechanism and recuperator, and transfers firing and recoil forces safely to the turret structure.
The order opens a new area of opportunity for PTC in the design and manufacture of lightweight Titanium components for Indian tanks, artillery systems and other mobility-driven defence platforms.
PTC Industries has received a landmark order from BrahMos Aerospace for the development, integration and supply of a strategic missile sub-system for the BrahMos programme. It represents PTC's entry into a higher-value part of the defence manufacturing chain — systems and sub-systems integration.
This is the first major order of its kind for PTC and marks the Company's movement further downstream from critical materials and precision components into high-value systems and sub-systems integration for advanced defence and aerospace platforms.
The scope requires complex integration capability, combining precision manufacturing, specialised joining, fluid-system integrity, control assemblies, structural accuracy, inspection discipline and high-reliability execution.
The order represents PTC Industries' first major contract in the systems and sub-systems segment, expanding its role beyond the supply of critical materials and precision components to the integration of complex assemblies for advanced aerospace and defence platforms.
The contract involves the development and integration of a mission-critical structural assembly designed to operate under the demanding structural, thermal and dynamic conditions associated with supersonic applications. The company did not disclose the value of the order or programme-specific configuration details.
According to the company, the project requires advanced manufacturing capabilities, specialised joining processes, hermetic sealing, intricate control assemblies, high-precision final integration and rigorous quality inspection to ensure structural integrity, alignment, balance and operational reliability.
PTC Industries said the order expands the scope of its PTC ONE – From Melt to Mission manufacturing platform by extending its capabilities from materials, castings and precision components to complex systems and sub-systems integration.
The company added that the award underscores BrahMos Aerospace's confidence in its engineering capabilities, manufacturing expertise, quality systems and execution track record, while validating its long-term strategy of building an integrated aerospace and defence manufacturing platform to support India's strategic programmes.
Sachin Agarwal, Chairman & Managing Director, PTC Industries, said: “This is a historic order for PTC Industries and a defining milestone in our journey. This order marks our movement beyond materials and components into sophisticated systems and sub-systems for strategic defence platforms. Over the past several years, we have been building PTC ONE our ‘From Melt to Mission’ manufacturing system — with the belief that India must develop deeper, more integrated capability in critical aerospace and defence manufacturing.
This order adds an important new dimension to that journey. It validates our long-term strategy of building an integrated enterprise capable of serving larger and more complex parts of the value chain. More importantly, it reflects the trust placed in PTC by BrahMos Aerospace for one of India’s most important strategic programmes. We believe this order opens a new avenue of growth for PTC and strengthens our role in advancing India’s self-reliance and global parity in critical defence and aerospace manufacturing.”
PTC Industries manufactures precision metal components and strategic materials used in critical applications. Through its wholly owned subsidiary, Aerolloy Technologies, the group produces titanium and superalloy materials and components for the aerospace, defence, and space sectors, catering to customers in India and overseas markets.
The company’s consolidated net profit surged 143.83% to Rs 59.91 crore in Q4 FY26 from Rs 24.57 crore in Q4 FY25. Revenue from operations jumped 84.95% YoY to Rs 225.47 crore in the quarter ended 31st March 2026.
The scrip shed 0.46% to Rs 17,449.95 on the BSE.
These include a qualified institutions placement (QIP), preferential issue, issuance of convertible share warrants, public or private offerings of equity shares, or other convertible securities, subject to shareholder and regulatory approvals.
The company clarified that the approval is intended to facilitate preparatory activities, including the appointment of merchant bankers and other intermediaries.
The final structure of the issue, including the mode of fundraising, issue size, pricing, timing, objects of the issue and utilisation of proceeds, will be approved separately by the board and audit committee before the launch.
The board also approved a proposal to enhance the company's borrowing limit to Rs 600 crore from the existing Rs 350 crore, subject to shareholder approval.
It further approved increasing the limit for creation of charges on the company's assets to Rs 600 crore from Rs 350 crore to secure such borrowings.
In addition, the board approved an enabling limit of up to Rs 2,000 crore for providing loans, guarantees, securities and making investments.
The company will convene an extraordinary general meeting (EGM) to seek shareholder approval for all the above proposals.
The scrip fell 2.74% to currently trade at Rs 16954.45 on the BSE.
Rain Industries Ltd, PTC Industries Ltd, National Aluminium Company Ltd and Lumax Auto Technologies Ltd are among the other losers in the BSE's 'A' group today, 16 June 2026.
General Insurance Corporation of India lost 8.14% to Rs 356.75 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 3.77 lakh shares were traded on the counter so far as against the average daily volumes of 20364 shares in the past one month.
Rain Industries Ltd tumbled 6.43% to Rs 194.35. The stock was the second biggest loser in 'A' group.On the BSE, 3.31 lakh shares were traded on the counter so far as against the average daily volumes of 2.83 lakh shares in the past one month.
PTC Industries Ltd crashed 4.70% to Rs 17770. The stock was the third biggest loser in 'A' group.On the BSE, 1125 shares were traded on the counter so far as against the average daily volumes of 1998 shares in the past one month.
National Aluminium Company Ltd pared 4.21% to Rs 366.25. The stock was the fourth biggest loser in 'A' group.On the BSE, 7.67 lakh shares were traded on the counter so far as against the average daily volumes of 4.71 lakh shares in the past one month.
Lumax Auto Technologies Ltd plummeted 3.70% to Rs 1617.2. The stock was the fifth biggest loser in 'A' group.On the BSE, 7157 shares were traded on the counter so far as against the average daily volumes of 16211 shares in the past one month.
For the full year,net profit rose 66.44% to Rs 101.56 crore in the year ended March 2026 as against Rs 61.02 crore during the previous year ended March 2025. Sales rose 95.66% to Rs 602.78 crore in the year ended March 2026 as against Rs 308.07 crore during the previous year ended March 2025.