Multibagger Defence Company Receives Major Production Order from BAE Systems for Supply of Titanium Castings for M777 Ultra-Lightweight Howitzer

The stock gave multibagger returns of 140 per cent in just 1 year, 1,125 per cent in 3 years and a whopping 8,830 per cent in 5 years.

On Friday, shares of PTC Industries Ltd hit a 5 per cent upper circuit to Rs 13,757.85 per share from its previous closing of Rs 13,102.75 per share. The stock’s 52-week high is Rs 15,650 and its 52-week low is Rs 4,473.40. The shares of the company saw a spurt in volume by more than 2.37 times on BSE.

PTC Industries Limited, a leading manufacturer of high-quality engineering metal components, announced that it has received a significant production order from BAE Systems for the supply of Titanium castings for the M777 Ultra-Lightweight Howitzer (ULH), including Spade Trails and Blades. PTC Industries developed these Titanium castings for M777 ULH over the last two years. This order marks a major milestone in PTC Industries' ongoing relationship with BAE Systems and underscores the company’s technological prowess to supply mission-critical components for such advanced defence platforms.

PTC Industries will produce complex lightweight Titanium castings for the 155mm M777 ULH at its state-of-the-art production facility in Lucknow, Uttar Pradesh. This partnership is a testimony to PTC Industries' capabilities in delivering high-precision components for critical defence applications. With a weight of about 4.2 MT, BAE Systems’ M777 ULH is the lightest towed howitzer gun that exists. This considerable weight reduction is achieved due to the extensive use of thin-walled Titanium castings in the structure of the artillery gun, allowing the M777 to even be transportable by helicopter.

The titanium castings produced by PTC Industries will form essential components of the M777 ULH, a highly mobile artillery system known for its lightweight and superior performance. The production process at PTC Industries has been developed and qualified to ensure long-term support for the M777s. PTC Industries advanced manufacturing capabilities and commitment to innovation make it a key partner in the defence sector. This order from BAE Systems further solidifies PTC Industries' position as a leader in the production of high-quality titanium castings for critical applications.

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 positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24).

An ace investor, Mukul Agrawal owns a 1.12 per cent stake as of September 2024 and FIIs & DIIs increased their stake to 4.14 per cent and 4.44 per cent, respectively in June 2024 compared to 3.35 per cent and 1.25 per cent in June 2024. The stock gave multibagger returns of 140 per cent in just 1 year, 1,125 per cent in 3 years and a whopping 8,830 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.