Mumbai, October 24 (Udaipur Kiran): Shares of PTC Industries advanced on Friday after the company announced that it has received a prestigious purchase order from the Gas Turbine Research Establishment (GTRE), a laboratory under the Defence Research and Development Organisation (DRDO).
At the BSE, PTC Industries was trading at Rs. 17,037.65, up Rs. 162.90 or 0.97% from its previous close of Rs. 16,874.75. The stock opened at Rs. 16,872.10 and touched a high of Rs. 17,100.00 and a low of Rs. 16,829.45, with 406 shares traded so far.
The BSE Group ‘A’ stock, with a face value of Rs. 10, has hit a 52-week high of Rs. 17,978.00 (09-Jan-2025) and a 52-week low of Rs. 9,786.30 (20-Feb-2025). The company’s market capitalisation stands at Rs. 25,613.12 crore. Promoters hold 59.75%, while institutions and non-institutional investors hold 11.63% and 28.61%, respectively.
The order from GTRE is for Post-Cast Operations to manufacture Single Crystal ‘Ready-to-Fit’ Turbine Blades, a highly advanced and complex aerospace component. This marks a historic first for an Indian company — PTC Industries will perform critical processes such as machining, grinding, brazing, vacuum heat treatment, thermal barrier coating, and powder vapour deposition, capabilities that only a few organisations globally possess.
The purchase order reinforces GTRE’s confidence in PTC’s expertise in precision casting and high-performance metal component manufacturing, and further strengthens the partnership between the two entities. The development aligns with the Government of India’s Aatmanirbhar Bharat initiative, aimed at boosting domestic defence and aerospace manufacturing capabilities.
With a legacy of over six decades, PTC Industries remains one of India’s leading manufacturers of precision metal components for mission-critical applications, including aerospace, defence, and energy sectors.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
