PTC Industries rises on securing order from GTRE
PTC Industries is currently trading at Rs. 17037.65, up by 162.90 points or 0.97% from its previous closing of Rs. 16874.75 on the BSE.
The scrip opened at Rs. 16872.10 and has touched a high and low of Rs. 17100.00 and Rs. 16829.45 respectively. So far 406 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 17978.00 on 09-Jan-2025 and a 52 week low of Rs. 9786.30 on 20-Feb-2025.
Last one week high and low of the scrip stood at Rs. 17369.85 and Rs. 16660.00 respectively. The current market cap of the company is Rs. 25613.12 crore.
The promoters holding in the company stood at 59.75%, while Institutions and Non-Institutions held 11.63% and 28.61% respectively.
PTC Industries has received a purchase order from the Gas Turbine Research Establishment (GTRE), Defence Research and Development Organisation (DRDO) for Post-Cast Operations to manufacture Single Crystal ‘Ready-to-Fit’ Turbine Blades. This order marks a historic milestone - the first time any Indian company has been entrusted with Post-Cast Operations including machining, grinding, brazing, vacuum heat treatment, thermal barrier coating, and powder vapour deposition, of Single Crystal ‘Ready-to-Fit’ Turbine Blades, a capability possessed by only a handful of organisations worldwide.
The purchase order strengthens the strategic collaboration between GTRE and PTC, underscoring the Government of India’s vision for indigenisation and self-reliance under the Aatmanirbhar Bharat initiative. It also reflects GTRE’s confidence in the company’s advanced casting, heat-treatment, and machining expertise for mission-critical aerospace components that must perform in extreme temperature and stress environments.
PTC Industries is a leading Indian manufacturer of precision metal components for critical applications for over 60 years.
