PTC Industries was locked in a 10% upper circuit at Rs 2832.95 after the company announced that its subsidiary had won a contract from Safran Aircraft to supply Titanium cast components for aero engines. Aerolloy Technologies (ATL), a wholly owned subsidiary of PTC Industries, is a manufacturer of strategic and critical materials, as well as high-integrity metal components, for a variety of critical and super-critical aerospace applications. Safran Aircraft Engines (SAE) has placed an order with ATL for the development and supply of Titanium cast components for aircraft engines.
“This is the first time SAE will develop and source Titanium cast components for its Aero-engines from India,” according to PTC Industries. Safran Aircraft Engines is a subsidiary of Safran that designs, develops, manufactures, and maintains engines for commercial and military aircraft. It is headquartered in Courcouronnes, France. It also provides on-site maintenance, repair, training, and consultation. SAE is one of the world’s oldest engine manufacturers, as well as one of the largest, and a leading manufacturer of mainline commercial jet engines.
This order will establish our technological capabilities on a global scale and cement our position as a trusted supplier in the global aerospace industry, paving the way for future collaborations of this nature. PTC Industries Limited is a global supplier of high precision metal components for critical and supercritical operations in a variety of industries, including aerospace, defence, and industrial.