Mukul Agrawal bought 1,67,000 shares & FIIs bought 5,51,688 shares: Multibagger company joins SPV as Part of Government's 'Make in India' Drive for Defence and Aerospace Sector Enhancement

The stock gave multibagger returns of 270 per cent in just 1 year, 1,350 per cent in 3 years and a whopping 6,170 per cent in 5 years.

PTC Industries Limited, a manufacturer of high-quality high-precision metal components for various critical and super-critical applications, is delighted to announce its partnership with leading entities under the DTIS scheme in the Indian Defence and Aerospace sector to advance the 'Make in India' initiative.

To overcome the challenge of expensive, state-of-the-art testing infrastructure, a Green Field Defence Testing Facility is being established in the Lucknow Node of the UP Defence Industrial Corridor under the DTIS scheme. This facility, named “Advanced Materials (Defence) Testing Foundation” is a collaborative effort among key industry players including Hindustan Aeronautics Limited, Bharat Dynamics Limited, Mishra Dhatu Nigam Ltd, Yantra India Limited, PTC Industries Limited and Uttar Pradesh Expressways Industrial Development Authority with the land being provided by the Uttar Pradesh Expressway Industrial Development Authority.

The Government of India will fund 75 per cent of the project cost, with the remaining 25 per cent funded by the SPV members, totalling an approximate cost of Rs 53 crore. The establishment of this facility, through joint initiatives of these leading defence organisations, will be a significant catalyst for the Indian defence ecosystem, creating state-of-the-art testing capabilities for advanced materials within the country. This is an important step forward for PTC Industries which is already setting up advanced materials manufacturing capabilities in the country with the building of its Strategic Materials Technology Complex in Lucknow.

This defence materials testing facility will help to further substantiate the integrity and reliability of advanced materials being manufactured by PTC, ensuring superior quality and compliance with stringent defence standards for Titanium and Super Alloys.

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PTC Industries Limited, a leading Indian manufacturer of precision metal components for critical applications for over 60 years, is a major player in the aerospace and defence sector through its subsidiary Aerolloy Technologies. They are significantly expanding their capabilities by investing in a new, state-of-the-art facility on 50 acres of land in Uttar Pradesh. This new location will be fully integrated, housing a Titanium and Superalloy Mill to produce aerospace-grade materials and manufacture castings for domestic and international applications. Beyond aerospace, PTC Industries remains a key supplier of metal components across various industries like defence, oil & gas, and marine, with a strong market cap exceeding Rs 16,000 crore and recent positive financial results.

An ace investor, Mukul Agrawal bought 1,67,000 shares and FIIs bought 5,51,688 shares in March 2024 compared to Nil shareholdings in March 2023. Today, one of the Top Gainers on BSE, shares of PTC Industries Ltd gained 4 per cent and made a fresh new 52-week high of Rs 11,350 per share from its previous closing of Rs 10,915.85. The stock gave multibagger returns of 270 per cent in just 1 year, 1,350 per cent in 3 years and a whopping 6,170 per cent in 5 years. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.