PTC Industries Shares Soar 4% on Inking a Supply Agreement 

Shares of PTC Industries Ltd soared 4% on Friday, 4 December, after the company announced that its subsidiary, Aerolloy Technologies, had signed a long-term supply agreement with Honeywell Aerospace Technologies. 

In its regulatory filing, the company said that the agreement is to provide titanium and superalloy precision investment castings for a variety of global aerospace programs, including critical aero-engine components.

Sachin Agarwal, chairman and managing director of PTC Industries, called the long-term deal a “defining milestone for PTC and Aerolloy,” saying,  “It validates our strategy of building a world-class, end-to-end manufacturing ecosystem for advanced titanium and superalloy components and strengthens India’s position in the global aerospace supply chain.”

According to the deal, Aerolloy will manufacture high-integrity titanium and superalloy castings using a fully integrated production route at its Strategic Manufacturing Technology Centre in Uttar Pradesh.

The agreement provides Aerolloy with dedicated production capacity as well as multi-year revenue visibility, the company said.

The vertically integrated setup includes titanium and superalloy material production, alloy melting, processing, and completed investment castings. Thus, Honeywell will benefit from total traceability, greater quality control, and improved supply chain resilience, according to PTC.

The agreement demonstrates India’s ability to supply sophisticated, high-value components to global OEMs and strengthens Aerolloy’s credentials for next-generation aerospace platforms.

The company announced a significant investment in an integrated titanium and superalloy complex within the UP Defence Industrial Corridor, which will include an aerospace-grade mill and a cutting-edge precision casting facility, putting it among the world’s most advanced strategic materials ecosystems.

In October, PTC Industries received a purchase order for post-cast activities from the Gas Turbine Research Establishment (GTRE), Defence Research and Development Organisation (DRDO), to manufacture single-crystal ‘ ready-to-fit’ turbine blades.

At 2:31 pm, the shares of PTC industries were trading 2.95% higher at Rs 18,799.60 on NSE. 

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