PTC Industries Limited, Lucknow gets clearance certificate for Critical Defence Components

PTC Industries Limited., Lucknow is a multi-faceted company, engaged in various engineering activities since 1960s. In the past few years M/s PTC Industries Limited has taken a leap towards development and manufacturing of strategic components and sub systems for various Defence & Aerospace applications.

Today M/s PTC Industries Limited, Lucknow added another feather in their cap by receiving the 'CLEARANCE CERTIFICATE' for critical ON-LINE FITTINGS (OLFs) for Defence applications, made out of expensive Titanium alloys and using a unique In-House Capability comprising of Investment Casting + HIP (Hot Isostatic Pressing) processing techniques, available only with very few companies worldwide.

These critical "OLFs" till date were being imported, but presently with this CLEARANCE CERTIFICATE received by Shri Sachin Agarwal, CMD, PTC Industries Limited, from CHIEF EXECUTIVE (AIR WORTHINESS), Shri A P V S PRASAD, Outstanding Scientist, CEMILAC-The Military Airworthiness Regulatory Body, under DRDO, Ministry of Defence, will reduce imports and help to start production within the country by M/s PTC Industries Limited, under the MAKE IN INDIA & ATMANIRBHAR BHARAT programs of Government of India.

The spin off from this important technology at M/s PTC Industries Limited, has already resulted in Development & Type Certification Activities of various critical and strategic components required for Defence applications viz., thin-walled oil tank parts and intermediate Casings of an Indigenized Aeroengine, highly Complicated Components like High Pressure Air Bottles and many such more critical components of indigenous equipment for various Air, Sea and Land Platforms.

M/s PTC Industries Limited, with its Advanced Technological Capabilities and State of Art facilities for manufacture of Aerospace components & Sub Systems, will play an important role in enhancing India's Defence Capabilities in near future.

Shares of PTC Industries Ltd was last trading in BSE at Rs. 3010.65 as compared to the previous close of Rs. 3040.30. The total number of shares traded during the day was 976 in over 51 trades.

The stock hit an intraday high of Rs. 3099.00 and intraday low of 2955.10. The net turnover during the day was Rs. 2970750.00.

Source : Equity Bulls

Keywords

PTCIndustries INE596F01018 IndustrialProducts Defence ClearanceCertificate