PTC Industries Hits 4-Month High with 9% Surge After Breakthrough in Aerospace Titanium Alloy Production

Shares of PTC Industries soared 9% to ₹14,466 apiece on Friday, January 3, marking a four-month high after the company announced a significant milestone. Its wholly-owned subsidiary, Aerolloy Technologies, became the first and only Indian private company to commission a vacuum arc remelting (VAR) furnace, enabling the production of aerospace-grade titanium alloy ingots.
Aerolloy Technologies’ Global Achievement
The commissioning of the VAR furnace, capable of an annual melting capacity of 1,500 MT, places Aerolloy among an exclusive group of global companies with the technology and infrastructure to produce high-quality titanium alloy ingots. These ingots are essential for critical aerospace and defense applications, and the furnace can produce ingots up to 1,000 mm in diameter and weighing up to 10 MT.
Countries like the United States, Russia, China, and select European nations, including France and the UK, are currently the few that possess this technology, making this development a remarkable achievement for India and Aerolloy Technologies.
Jim Collins, CTO of PTC Industries, expressed pride in the milestone, stating, “This state-of-the-art infrastructure positions us to meet the stringent demands of aerospace-grade titanium alloy production, matching global standards and ensuring reliable quality.”
Expansion Plans and Major Orders
In a further push to strengthen its aerospace capabilities, PTC Industries is investing heavily in a new manufacturing facility in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. This state-of-the-art plant will be fully vertically integrated, producing aerospace-grade titanium and superalloy products, such as ingots, billets, bars, plates, and sheets.
The company has also secured significant contracts, including an order from Israel Aerospace Industries (IAI) for titanium-cast components, marking the first time IAI has sourced such components from India. Additionally, PTC Industries is delivering titanium castings for BAE Systems’ M777 Ultralightweight Howitzer.
Exceptional Stock Performance and Investor Interest
PTC Industries’ stock has delivered an astonishing 4,203% return over the past four years, rising from ₹334 to ₹14,432. The stock reached an all-time high of ₹15,650 in July 2024 and is currently just 7.7% away from reclaiming its record high.
Notable investor Mukul Agrawal holds a 1.07% stake in the company, with a portfolio return of 511% since he first invested in 2022.
Disclaimer: The views expressed in this article are those of individual analysts and should not be construed as investment advice.