Mukul Mahavir Agrawal Stock In Focus As Subsidiary Bags Order From Israel Aerospace Industries (IAI)

After the company announced that Aerolloy Technologies Limited, a wholly owned subsidiary of PTC Industries Limited, has received an order from Israel Aerospace Industries (IAI) for the supply of titanium cast components for aerospace applications, the shares of PTC Industries were focused on Thursday afternoon, rising 70 points to trade at Rs 14,336.95. PTC Industries is a manufacturer of strategic and critical materials and high-integrity metal components for various critical and super-critical applications in aerospace. IAI is purchasing cast components from India for the first time with this transaction.

Mr. Sachin Agarwal, Chairman and Managing Director, PTC Industries said: "Aerolloy Technologies is proud to share that it has received its first order from Israel Aerospace Industries for supply of Titanium castings. This is yet another milestone for ATL and demonstrates the technological capabilities that the company has been building. 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."

Col.(retd) Zeev Mivtzari, Country Head INDIA & CMD, Israel Aerospace Industries: "IAI sees itself as part of the Defence Ecosystem of India. We have more than 50 local companies that we are working with, and I am very happy to expand the local activity with PTC Industries for manufacturing of strategic materials. This is the way for IAI to expand its business and for India to actualize its SELF RELIANCE policy."

PTC Industries on Tuesday handed out 5,30,315 equity shares to qualified institutional buyers who met the criteria for eligibility. The shares were issued at an issue price of Rs 13,199.70 per share, plus a premium of Rs 13,189.70 per share, which accounts for a discount of Rs 694.72 per share on the floor price of Rs 13,894.42 per share (5% of the floor price). The total amount dispersed under the QIP was Rs 699.99 crore. The company's paid-up equity share capital, which consists of 1,49,71,188 equity shares, has grown to Rs 14,97,11,880 with this allocation.

PTC Industries approved the allocation of 5.3 lakh equity shares to qualified institutional buyers on Monday, completing the institution's share sale procedure and raising Rs 700 crore. PTC Industries has set the QIP's issue price at Rs 13,199.7 per share, which is 5% less than the share's floor price of Rs 13,894.42. Following the QIP share offering, the company's paid-up equity capital grew from Rs 14.44 crore, comprising 1.44 crore equity shares, to Rs 14.97 crore, including 1.49 crore equity shares.

One of Mukul Mahavir Agrawal's portfolio stocks is PTC Industries, where the renowned investor had 1,67,000 equity shares as of the quarter that ended in June 2024, or Q1FY25. This amount accounted for 1.16% of the company's total paid-up share capital.

One of the top providers of high-precision metal components in the world for key and highly critical operations, PTC Industries Limited serves a variety of market sectors, such as industrial, defence, and aerospace.