Synopsis:
PTC Industries Ltd, gained investor attention after securing India’s first-ever purchase order for Post-Cast Operations of Single Crystal ‘Ready-to-Fit’ Turbine Blades from DRDO.
A defence and aerospace engineering stock came into focus today following a historic order announcement. The order underlines the company’s strategic relevance in India’s self-reliance and technological advancement initiatives.
PTC Industries Ltd, with a market capitalization of Rs. 25,108.90 crore, opened at Rs. 17,080, which was also its intraday high, marking an intraday rise of 0.53 percent from the previous close of Rs. 16,989.40
What’s the News?
PTC Industries has received a Purchase Order from the Gas Turbine Research Establishment (GTRE), part of the Defence Research and Development Organisation (DRDO), for Post-Cast Operations to manufacture Single Crystal ‘Ready-to-Fit’ Turbine Blades.
The announcement was made during the Lokarpan Ceremony of the Titanium & Superalloys Materials Plant at PTC’s Strategic Materials Technology Complex (SMTC) in Lucknow.
This milestone is historic, as it is the first time an Indian company has been entrusted with Post-Cast Operations, including machining, grinding, brazing, vacuum heat treatment, thermal barrier coating, and powder vapour deposition of single-crystal turbine blades, a capability possessed by only a few organisations worldwide.
The order reinforces the strategic partnership between GTRE and PTC, reflecting the Government of India’s focus on indigenisation and self-reliance under the Aatmanirbhar Bharat initiative.
It also demonstrates GTRE’s confidence in PTC’s advanced casting, heat-treatment, and machining expertise, crucial for aerospace components that must perform under extreme temperatures and stress.
Execution of this order will leverage PTC’s advanced manufacturing infrastructure in India, along with the end-to-end capabilities of its UK-based subsidiary, Trac Precision Solutions, ensuring seamless delivery of the Ready-to-Fit Single Crystal Turbine Blades and Vanes.
PTC Industries has established itself as a trusted partner to India’s defence and aerospace sector, supplying components to Hindustan Aeronautics Limited (HAL), DRDO, and BrahMos. The company also exports Titanium and Superalloy castings to global OEMs, including Safran, Dassault Aviation, BAE Systems, and Israel Aerospace Industries (IAI), acting as a strategic link between India’s industrial capabilities and the global aerospace supply chain.
Comments from Management
Speaking on the occasion, Mr. Sachin Agarwal, Chairman and Managing Director of PTC Industries, said: “This order from GTRE represents a moment of national significance and industrial pride.
Single-crystal turbine blades are among the most technically complex and strategically valuable components in modern jet engines. By developing this capability in India, PTC is helping lay the foundation for the country’s aero-engine manufacturing ecosystem and strengthening our collective journey toward true technological sovereignty.”
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Financial Snapshot
Quarter-on-Quarter (QoQ): Sales fell from Rs. 121.92 crore to Rs. 97.15 crore, a decrease of 20.3 percent. Operating profit dropped from Rs. 28.73 crore to Rs. 8.78 crore, down 69.4 percent. PBT declined from Rs. 31.25 crore to Rs. 9.05 crore, a fall of 71.0 percent, and net profit decreased from Rs. 24.57 crore to Rs. 5.16 crore, down 79.0 percent.
Year-on-Year (YoY): Sales rose from Rs. 46.87 crore to Rs. 97.15 crore, an increase of 107.3 percent. Operating profit decreased slightly from Rs. 10.05 crore to Rs. 8.78 crore, down 12.6 percent. PBT grew from Rs. 6.36 crore to Rs. 9.05 crore, up 42.3 percent, while net profit increased from Rs. 4.90 crore to Rs. 5.16 crore, a rise of 5.3 percent.
About the Company
PTC Industries Limited is a leading Indian manufacturer of precision metal components for high-performance and critical applications, with over six decades of experience. Its wholly owned subsidiary, Aerolloy Technologies Limited, produces and supplies titanium and superalloy castings for aerospace applications to both domestic and international markets.
The company is expanding its capabilities through a multi-million-dollar Strategic Materials Technology Complex (SMTC), featuring advanced facilities for aerospace-grade titanium and superalloy production, state-of-the-art foundries, and machining units for near-net-shape precision components.
Written By Manan Gangwar
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