Shares of PTC Industries rose over two percent to Rs 14,500 in the afternoon on September 5 after the company's wholly-owned subsidiary Aerolloy Technologies received an order from Israel Aerospace Industries (IAI) for the supply of Titanium cast components for Aerospace applications.
"This is the first time that IAI is sourcing such cast components from India," PTC Industries said in a regulatory filing. Aerolloy is a manufacturer of strategic and critical materials and
high-integrity metal components, for various critical and super-critical applications in aerospace.
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"This is a significant achievement for the company, and we will now be working with one of Israel's leading organisations and a global leader. This new order has opened new opportunities for the company for exports to Israel in the defence and aerospace sectors," Sachin Agarwal, Chairman and Managing Director of PTC Industries, said.
PTC Industries Limited is a leading global supplier of high-precision metal components for critical and super-critical operations across various segments, including Aerospace, Defence, and Industrial. The company has invested in well-integrated manufacturing units with facilities located in Uttar Pradesh and Gujarat.
At about 3:05 pm, shares were trading at Rs 14,327, up 0.5 percent from the last close on the NSE. PTC Industries share price has gained 7 percent in one month.
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