Mukul Agrawal Portfolio: Defense Stock Locked At 5% Upper Circuit On Order Win From BAE Systems

For more than 60 years, PTC Industries Limited has been a prominent Indian producer of precision metal components for critical applications. PTC Industries' shares jumped on Friday to lock in a 5% upper circuit limit on the BSE at Rs 13652.15 a share, following the company's receipt of a significant order deal for the supply of titanium castings. PTC Industries' status as a pioneer in the manufacture of premium titanium castings for critical applications is further cemented by this order from BAE Systems.

PTC Industries stated that BAE Systems had placed a sizable manufacturing order with the company for titanium castings, comprising Spade Trails and Blades, for the M777 Ultra-Lightweight Howitzer (ULH). Over the course of the previous two years, PTC Industries developed these titanium castings for the M777 ULH. This order highlights PTC Industries' technological expertise in providing mission-critical components for such cutting-edge defence systems and represents a significant turning point in the company's ongoing collaboration with BAE Systems.

PTC Industries' cutting-edge production plant located in Lucknow, Uttar Pradesh, is set to manufacture precise lightweight Titanium castings for the 155mm M777 ULH. This collaboration is proof of PTC Industries' ability to provide high-precision components for critical defense applications. PTC Industries' titanium castings are going to be crucial parts of the M777 ULH, a highly manoeuvrable artillery system that is renowned for its exceptional performance and low weight. PTC Industries' production process has been designed and certified to provide M777 long-term support.

Mr. Sachin Agarwal, Chairman & Managing Director, PTC Industries said: "We are thrilled to receive this serial production order from BAE Systems for this significant project. 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. We provide top-quality products to support the defence sector and further the 'Make in India - Make for the World' initiative."

Israel Aerospace Industries (IAI) placed an order with Aerolloy Technologies Limited, a wholly owned subsidiary of PTC Industries Limited, earlier this month on September 5th, for the delivery of titanium cast components for aerospace applications. One of the top providers of high-precision metal components in the world for critical activities, PTC Industries Limited serves a variety of market sectors, such as industrial, defence, and aerospace. The Company has made investments in Gujarat and Uttar Pradesh manufacturing facilities that are well-integrated. Furthermore, an expansion project is now under progress at the newly purchased 50 acres of land by its subsidiary Aerolloy Technologies Limited (ATL), which is situated adjacent to the Brahmos facility at the Lucknow node of the Uttar Pradesh Defence Industrial Corridor.

PTC Industries is among the portfolio stocks of Mukul Mahavir Agrawal in which the ace investor held 1,67,000 equity shares which is 1.12% of the fully paid-up share capital of the company quarter ending: 3-Sep-24 as per BSE data.