PTC Industries soars as its arm enters into partnership with Coolbrook
PTC Industries is currently trading at Rs. 16236.85, up by 541.05 points or 3.45% from its previous closing of Rs. 15695.80 on the BSE.
The scrip opened at Rs. 16307.95 and has touched a high and low of Rs. 17107.55 and Rs. 16000.25 respectively. So far 1914 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. 17107.55 and Rs. 15010.00 respectively. The current market cap of the company is Rs. 24274.28 crore.
The promoters holding in the company stood at 59.75%, while Institutions and Non-Institutions held 10.82% and 29.43% respectively.
PTC Industries’ wholly owned step-down subsidiary -- Trac Precision Solutions (Trac) has entered into partnership with Coolbrook, a transformational technology and engineering company, to supply critical machined and cast components for its RotoDynamic Heater (RDH) - a breakthrough technology designed to electrify high-temperature industrial heating processes, significantly reducing global CO2 emissions.
Coolbrook’s RDH Technology is capable of reaching temperatures up to 1700 degree celsius, making it uniquely suited to decarbonise traditionally hard-to-abate sectors such as steel, cement, petrochemicals, and chemicals. This partnership marks a strategic diversification for Trac, positioning the company at the cutting edge of the clean energy transition, while unlocking significant long-term growth opportunities. At full production, the initial award covers two milled blades and four cast vanes/blades - totalling 27,000 parts annually across 100 engine sets. Revenues from this partnership are expected to grow in line with Coolbrook’s customer sales and are anticipated to reach in excess of ten million pounds annually. A second phase, covering three additional milled components, will be awarded in the near future, further strengthening the collaboration.
PTC Industries is a leading Indian manufacturer of precision metal components for critical applications for over 60 years.
