Mukul Agrawal Holds 1.07 Per Cent Stake: Aerospace & Defence Company Joins Global Elite with Advanced Titanium VAR Facility, Putting India on the Aerospace Map
The stock is up by 97.4 per cent from its 52-week low, giving multibagger returns of 570 per cent in 3 years and a whopping 9,000 per cent in 5 years.
PTC Industries has achieved a significant milestone by establishing Aerolloy Technologies, a subsidiary that now boasts India's first private Vacuum Arc Remelting (VAR) furnace for producing aerospace-grade Titanium alloy ingots. This cutting-edge facility, equipped with German technology, positions Aerolloy amongst a select group of global players with the expertise and infrastructure to manufacture high-quality Titanium alloys for critical aerospace and defence applications. The VAR furnace, with an annual melting capacity of 1,500 MT, can produce Titanium alloy ingots up to 1,000 mm in diameter, bridging a crucial technological gap in India and propelling the nation towards global parity in the production of strategic materials.
The ability to produce aerospace-grade Titanium alloys using VAR technology is concentrated in a few countries, including the US, Russia, China, and select European nations. By commissioning this advanced VAR facility, Aerolloy Technologies joins this exclusive group, solidifying India's position as a global leader in advanced manufacturing and materials technology. The VAR process, crucial for high-quality Titanium production, operates under vacuum, eliminating impurities and ensuring a superior metallurgical structure and uniform alloy composition, essential for applications like jet engines and airframes.
The VAR furnace commissioning involved a meticulous process. Titanium sponge and alloying elements were blended precisely, pressed into briquettes, and plasma-welded into a long electrode. This electrode was then melted in the VAR furnace under vacuum, resulting in a dense and defect-free ingot. A second melting cycle ensured the "double-melt" quality required for aerospace applications. This achievement marks a crucial step in PTC Industries' vision of achieving global parity in core manufacturing technologies. For years, India relied on imports for aerospace-grade Titanium alloys, a dependence that Aerolloy Technologies has now addressed.
This VAR furnace is a cornerstone of PTC Industries' broader strategy to become a global leader in the production of critical metals and components. By integrating advanced material production with precision component manufacturing, they aim to provide end-to-end solutions for aerospace and defence customers worldwide. This new capability positions Aerolloy Technologies to meet the growing global demand for high-quality Titanium alloys while fostering innovation and growth within India's advanced manufacturing sector.
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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 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 September 2024, DIIs bought 5,53,500 shares and increased their stake to 4.94; FIIs bought 1,94,082 shares and increased their stake to 4.53 per cent & Mukul Agrawal owns 1,60,000 shares or 1.07 per cent stake compared to June 2024. The stock is up by 97.4 per cent from its 52-week low, giving multibagger returns of 570 per cent in 3 years and a whopping 9,000 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.