PTC Industries Ltd. is currently down 1.29% to Rs 25170.0, after recently rising and gaining 1.96% over the last week.
PTC Industries Limited announced that its wholly-owned subsidiary, Aerolloy Technologies Limited, has been selected by Safran Aircraft Engines for the development and manufacture of critical Titanium cast components for the LEAP engine programme, marking the second such order from Safran. The development order, valued at an undisclosed amount, involves supplying fully machined, ready-to-fit components and is expected to transition into long-term serial production following successful qualification. PTC Industries will leverage its “PTC ONE™ - from Melt to Mission™” integrated manufacturing system, encompassing Titanium material capability, precision casting, machining, and assembly, to fulfill the order. The company anticipates this programme will further validate its aerospace manufacturing capabilities and strengthen its relationship with Safran Aircraft Engines.
PTC Industries Ltd. shares saw a trading volume of 11479 today, a decrease of 90.2% from the one-week average volume. PTC Industries Ltd. surged by 52.01% year-over-year, outperforming the NIFTY50 index's 9.93% loss.