Mumbai, October 3 (Udaipur Kiran News): Shares of PTC Industries surged 3.45% on Thursday after its wholly owned step-down subsidiary, Trac Precision Solutions (Trac), entered into a strategic partnership with Coolbrook, a global technology and engineering firm.
Under this collaboration, Trac will supply critical machined and cast components for Coolbrook’s RotoDynamic Heater (RDH) — an innovative technology designed to electrify high-temperature industrial heating and significantly reduce CO₂ emissions.
Coolbrook’s RDH technology can reach temperatures of up to 1,700°C, making it ideal for decarbonising hard-to-abate sectors such as steel, cement, petrochemicals, and chemicals.
The initial contract includes two milled blades and four cast vanes/blades, totaling 27,000 parts annually across 100 engine sets. The partnership is expected to generate annual revenues exceeding £10 million as Coolbrook expands its customer base. A second phase, covering additional components, will be awarded soon, further deepening the collaboration.
This move marks a strategic diversification for Trac and positions PTC Industries at the forefront of the clean energy transition, unlocking long-term growth opportunities.
On the BSE, PTC Industries’ stock was trading at ₹16,236.85, up ₹541.05 from its previous close of ₹15,695.80. The scrip touched an intraday high of ₹17,107.55 and a low of ₹16,000.25. The company’s market capitalization stands at ₹24,274.28 crore.
Promoters hold 59.75% of the company’s equity, while institutions and non-institutional investors hold 10.82% and 29.43%, respectively.
PTC Industries is a leading Indian manufacturer of precision metal components catering to critical applications across industries for over six decades.
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.
