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The Print
12 hours ago
- Business
- The Print
Indian firm sets up titanium, superalloy plants to meet global need. Safran, Dassault, BAE line up
The company, which is investing close to Rs 1,000 crore, has already started supplying titanium parts to BAE Systems for its M-777 ultra-lightweight howitzers that India also uses. Titanium and superalloys, which are nickel and cobalt-based, are used for defence manufacturing. Superalloys are used for high temperature scenarios, like in aero engines. Lucknow: Spread over 50 acres in the Uttar Pradesh Defence Industrial Corridor, India's PTC Industries is setting up four manufacturing plants focused purely on titanium and superalloy production to meet not just India's defence demand but global need. Other top global vendors like Israeli Aerospace Industries (IAI), Safran and Dassault Aviation have already signed long-term contracts with the Indian firm. 'We believe in the motto of Make in India for India and the world. The deal with Safran is not just for defence engines but their civil ones. We have signed a contract with Dassault Aviation. All the titanium casting that goes on Rafale (aircraft) will one day be ours,' Sachin Agarwal, Chairman and Managing Director of PTC Industries, told ThePrint. Explaining why foreign companies are coming to him, he said that titanium is made globally by a limited number of countries. 'If you leave China, out of the close to 170,000 tonnes of titanium manufacturing in the world, Russia produces 60,000-70,000 tonnes, which is 30-40 percent of global numbers,' he explained. Sachin added that the global supply chain has been hit due to the Russia-Ukraine war and the desire to pull away from China. 'All of Europe and American companies want titanium and superalloys from non-China and non-Russia countries. And this is where India comes into play. It is a god given opportunity. And that is why we are doing it. Nobody in India is doing this and we are the first ones to do so and it holds a lot of scope globally,' Alok Agarwal, Director, Technical and Quality, at the company, told ThePrint. He said that, currently, MIDHANI, a key defence PSU based in Hyderabad, makes titanium but the supply is less. 'We are the only private company in India which makes titanium and superalloys material. MIDHANI does a small quantity compared to what we have planned and are going to do,' Alok added. Explaining further, he said that one of the four PTC plants being set up is a metals factory which is manufacturing titanium and superalloys. 'Then there is a large forging unit which is going to forge the parts, and another facility for making titanium and superalloy parts, and then there is a machining factory coming up which will manufacture parts,' he said. Sachin said that he and his team brainstormed seven-eight years ago and assessed the areas in defence and aerospace that the company should enter. 'We did gap study. We found that there is a certain technological and capability gap. Most of these are primarily related to materials capability and certain core manufacturing capability. Our objective was to put the country on a par when it comes to materials itself.' 'This is our strategic material technology complex where we are covering all material and technological gaps we found, primarily two critical sectors: titanium alloy and superalloy related,' he told ThePrint. Emphasising on criticality, Sachin said that India has a dream to manufacture its own aero engines. 'But we can't make them until we have the capability to make our own superalloys and the components that go into the aero engine,' he added. PTC Industries has acquired a British company that manufactures aero engine blades and other parts. 'The idea is to manufacture everything from base material to high-end aero engine parts,' he said. (Edited by Nida Fatima Siddiqui) Also read: Nod for additional Scorpene submarines still awaited, Navy & Mazagon Dockyard Ltd in limbo
India Today
6 days ago
- Business
- India Today
Atmanirbhar defence: Inside Lucknow factory fuelling India's BrahMos firepower
This report from Lucknow focuses on India's growing self-reliance in defence manufacturing, spotlighting PTC Industries' facility in the Uttar Pradesh Defence Industrial Corridor. The company is the only one in India producing the advanced titanium and super alloys required for the BrahMos supersonic missile system. The initiative is a significant step towards 'Atmanirbharta' or self-reliance, reducing dependency on foreign imports for critical materials. As PTC Industries CMD Sachin Agrawal states, "The basis of any true self-reliance is whether the materials, the components that go into making these systems, including the ones in Brahmos, are being sourced indigenously." The facility not only caters to domestic needs, including the Rafale programme, but also exports to global aerospace primes like Saffron and Honeywell, embodying the 'Make in India, make for the world' vision.
Business Upturn
30-06-2025
- Business
- Business Upturn
PTC Industries shares up 1.8% on strong military partnership outlook
By Aman Shukla Published on June 30, 2025, 11:03 IST PTC Industries shares rose 1.8% in early trade after management highlighted the strategic importance of its latest Memorandum of Understanding (MoU) with French aerospace major Safran. Unlike their earlier MoU focused on civil aviation, the new agreement targets military operations—marking a major shift in scope. Chairman & MD Sachin Agarwal told CNBC-TV18 that the company expects significant growth from this MoU, which aligns with other ongoing defense-related investments. He added that PTC Industries anticipates operating margins in the mid-to-high 20% range for FY26. Agarwal also revealed that the company plans to sign several similar agreements over the next six months, indicating a strong pipeline of defense sector collaborations. PTC Industries shares opened at ₹15,080.00 and hit a high of ₹15,488.00 during the day, while the low stood at ₹15,013.00. The stock is trading well above its 52-week low of ₹9,756.30 but remains below the 52-week high of ₹17,995.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
25-06-2025
- Business
- Business Standard
PTC Inds gains after arm signs MoU with Safran Aircraft
PTC Industries added 2.59% to Rs 15,123.80 after the company's subsidiary, Aerolloy Technologies (ATL) has signed the memorandum of understanding (MoU) with Safran Aircraft, to manufacture the components and materials for military aircraft engines. This MoU reflects a commitment to the Indian Governments Make in India policy, marking additional steps toward Safran Aircraft Engines ambition to develop a comprehensive aeroengine ecosystem in India and ATLs growing role in the indigenous production of critical aerospace components as well. Sachin Agarwal, chairman and managing director of PTC Industries, said: This memorandum of understanding between Aerolloy Technologies and Safran Aircraft Engines marks a significant step towards enhancing India's indigenous capabilities in military aircraft engine manufacturing. It aligns with the "Make in India" initiative, fostering collaboration and innovation in the aerospace sector while addressing the defence needs of the country. The ongoing partnership for commercial LEAP engines lays a strong foundation for this expanded cooperation. PTC Industries is a leading Indian manufacturer of precision metal components for critical applications for over 60 years. Through its wholly owned subsidiary Aerolloy Technologies, the company is manufacturing and supplying titanium and superalloy castings for aerospace and defence applications within India as well as for exports. The companys consolidated net profit jumped 66.9% to Rs 24.57 crore on 68.4% increase in net sales to Rs 121.92 crore in Q4 FY25 over Q4 FY24.
Business Standard
25-06-2025
- Business
- Business Standard
Sensex jumps 425 pts in early trade; Nifty above 25,150; VIX tanks 2.63%
The domestic equity indices traded with decent gains in early trade, buoyed by positive global cues. Easing tensions in the Middle East, following a tentative ceasefire between Israel and Iran, helped lift investor sentiment. The Nifty traded above the 25,150 mark. All NSE sectoral indices traded in the green, with consumer durables, oil & gas, and IT stocks seeing the strongest gains. At 09:30 IST, the barometer index, the S&P BSE Sensex, soared 424.45 points or 0.52% to 82,484.56. The Nifty 50 index advanced 117.85 points or 0.47% to 25,162.20. In the broader market, the S&P BSE Mid-Cap index rose 0.59% and the S&P BSE Small-Cap index added 1.05%. The market breadth was strong. On the BSE, 2,353 shares rose and 522 shares fell. A total of 141 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 2.63% to 13.28. Foreign portfolio investors (FPIs) sold shares worth 5,266.01 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 5,209.60 crore in the Indian equity market on 24 June 2025, provisional data showed. Stocks in Spotlight: PTC Industries rose 0.86%. The company's subsidiary, Aerolloy Technologies announced the memorandum of understanding (MoU) with Safran Aircraft Engines to develop cooperation on the manufacturing of components and materials for military aircraft engines. Mastek rose 1.10%. The company's chief financial officer, Raghavendra Jha has submitted his resignation from the services. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.16% to 6.261 from the previous close of 6.247. In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 85.9250 compared with its close of 86.0500 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.24% to Rs 97,252. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 97.97. The United States 10-year bond yield added 0.26% to 4.301. In the commodities market, Brent crude for July 2025 settlement rose 87 cents or 1.30% to $68.01 a barrel. Global Markets: Asian shares were mixed on Wednesday, as investors digested news of a potential ceasefire between Israel and Iran alongside fresh signals from the U.S. Federal Reserve. Optimism is building around a U.S.-brokered truce, with President Donald Trump reportedly playing a key role in facilitating the agreement. On Wall Street, sentiment was upbeat overnight. All three major indices ended higher, buoyed by easing geopolitical tensions and dovish hints from the Fed. The Dow Jones Industrial Average rose 1.19%, the S&P 500 added 1.11%, and the tech-heavy Nasdaq climbed 1.43%. Fed Chair Jerome Powell, speaking Tuesday, struck a cautious but calm tone. He reaffirmed the central banks focus on curbing inflation but noted that policymakers were in no rush to tweak rates. Powell said the Fed was well positioned to wait to learn more about the likely course of the economy before making any moves, especially as the impact of tariffs on pricing remains uncertain.
