PTC Industries stock jumps 2% on BAE Systems' deal to supply titanium castings for M777 Howitzer

Bondada Engineering | CMP: Rs 607.50 | Shares surged 2 percent after the company announced bagging an order worth Rs 468 crore from KPI Green. The order is for the for supply of material and installation of solar power generation plant 130 MWp/100MWac. The order is slated to be executed over the span of the next 12 months.

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26 Aug, 2025 12:21

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Shares of the PTC Industries jumped over 2 percent after the metal component manufacturer said it has received a major production order from global defence and aerospace solutions provider BAE Systems for supplying titanium castings for the M777 Ultra-Lightweight Howitzer (ULH), including Spade Trails and Blades.

The company developed these titanium castings for M777 ULH over the last two years, it said in an exchange filing on September 27.

Following the announcement, the shares of the Indian company rose 2.29 percent to Rs 13,300 on NSE at 12:23 pm.

“This order marks a major milestone in PTC Industries ongoing relationship with BAE Systems and underscores the company’s technological prowess to be able to supply mission critical components for such advanced defence platforms,” the company statement said.

The lightweight Titanium castings for the 155mm M777 ULH will be produced at its state-of-the-art production facility in Lucknow, Uttar Pradesh, the statement further said. The deal is a ‘testimony’ to PTC Industries capabilities in delivering high-precision components for critical defence applications, it added.

“This order not only enhances our partnership with BAE Systems but also showcases our proficiency in producing highly complex and thin-walled Titanium castings for such critical applications, making us amongst two to three companies in the world who have such capability," Sachin Agarwal, chairman & managing director, PTC Industries said.

This order from BAE Systems further solidifies PTC Industries position as a ‘leader’ in the production of high-quality titanium castings for critical applications, the filing said.

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