Aerospace & Defence Company Signs MoU with Government of Odisha to Invest in an Aerospace-Grade Titanium Sponge Manufacturing Facility
The stock gave multibagger returns of 675 per cent in 3 years and a whopping 10,000 per cent in 5 years.
PTC Industries, a leader in advanced manufacturing and materials technology, has signed a Memorandum of Understanding (MoU) with the Government of Odisha to establish an aerospace-grade Titanium Sponge manufacturing facility in the state. This venture will make PTC, along with its subsidiary Aerolloy Technologies, one of the few companies globally with a fully integrated titanium manufacturing process. This integration will span from Titanium Sponge production to finished products like ingots, billets, bars, rods, sheets, plates, and precision castings.
Titanium Sponge is essential for creating Titanium alloys, which are crucial in aerospace, defence, and advanced industries. Currently, only a select few countries, such as the United States, Russia, Kazakhstan, and Japan, produce aerospace-grade Titanium Sponge. Despite India's large titanium ore reserves, it relies on foreign imports for this critical material, creating a strategic vulnerability. PTC Industries and Aerolloy Technologies aim to address this by establishing domestic production and securing a reliable supply for India's critical applications.
The Odisha facility aligns with the Indian government's Make in India and Aatmanirbhar Bharat initiatives, strengthening India's position in advanced materials manufacturing. The Government of Odisha has provided crucial support through a favourable industrial environment, policy support, and infrastructure incentives. This MoU underscores PTC Industries' dedication to innovation and self-reliance, aiming to close the gap in India's titanium supply chain and solidify the nation's leadership in the aerospace and defence sectors.
Speaking on the occasion, Mr. Sachin Agarwal, Chairman & Managing Director of PTC Industries said: “This MoU signifies an important step towards strengthening India’s Titanium industry. With Odisha’s support and our technological expertise, we aim to build a fully integrated Titanium manufacturing ecosystem that can cater to the evolving needs of global aerospace and defence industries. We appreciate the proactive efforts of the Government of Odisha in facilitating this opportunity and look forward to exploring the potential of this investment.”
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About the Company
PTC Industries Limited is a global leader in manufacturing precision metal components for critical and supercritical applications in sectors like defence, oil & gas and marine. They specialise in producing castings, machined components, and fabricated parts using a wide range of advanced materials, including titanium alloys, stainless steel and nickel-based alloys, to meet the stringent demands of these industries.
The company has a market cap of over Rs 20,000 crore and reported stellar numbers in its Quarterly Results (Q2FY25) and annual results (H1FY25). According to quarterly results, the net sales increased by 26 per cent to Rs 72.37 crore and net profit increased by 113 per cent to Rs 17.31 crore in Q2FY25 compared to Q2FY24. Looking at the half-yearly results, the net sales decreased by 8 per cent to Rs 119.23 crore and net profit increased by 14 per cent to Rs 22.20 crore in H1FY25 compared to H1FY24.
As of December 2024, DIIs bought 2,94,582 shares and increased their stake to 6.50 per cent compared to September 2024 and Mukul Agrawal owns 1,60,000 shares or 1.07 per cent stake compared to December 2024.The stock gave multibagger returns of 675 per cent in 3 years and a whopping 10,000 per cent in 5 years. Investors should keep an eye on this aerospace defence stock.
Disclaimer: The article is for informational purposes only and not investment advice.