PTC Industries touches roof on investing Rs 300 crore to set up titanium recycling plant in Lucknow
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PTC Industries is currently trading at upper limit of Rs. 3672.80, up by 612.10 points or 20.00% from its previous closing of Rs. 3060.70 on the BSE.
The scrip opened at Rs. 3149.00 and has touched a high and low of Rs. 3672.80 and Rs. 3130.45 respectively. So far 10200 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3160.05 on 09-Jun-2023 and a 52 week low of Rs. 1304.73 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 3160.05 and Rs. 2483.15 respectively. The current market cap of the company is Rs. 4915.04 crore.
The promoters holding in the company stood at 67.93%, while Non-Institutions held 32.07% stake in the company.
PTC Industries is investing Rs 300 crore to set up a titanium recycling plant in Lucknow as it eyes to be an aerospace and defence supplier. The proposed titanium recycling facility will be the first of its kind plant in the private sector in the country. The proposed facility, which will come up over the next three to four years, will recycle the waste generated by the aerospace industry while making titanium castings.
Incorporated in 1963, PTC Industries is a manufacturer of high-quality engineering components for various critical and super-critical applications.
