Multibagger PTC Industries Shares Surge 3% as Subsidiary Lands Major Israeli Aerospace Order

Shares of PTC Industries, a manufacturer that specialises in producing high-quality, precision metal components for critical and supercritical applications, saw a 3% increase in the final hour of trading today, closing at ₹221.70 per share.

New Order from Israel Aerospace Industries

The rise in share price followed the company’s announcement that its fully owned subsidiary, Aerolloy Technologies, secured an order from Israel Aerospace Industries (IAI). The order is for the supply of titanium cast components, which will be used in aerospace applications. This is the first time IAI is purchasing these specific cast components from India, as mentioned in the company’s filing with the stock exchange today.

PTC’s Chairman Highlights Technological Milestone

Commenting on this major development, Sachin Agarwal, Chairman and Managing Director of PTC Industries, said, “Aerolloy Technologies is proud to announce that it has received its first order from Israel Aerospace Industries for the supply of titanium castings. This is another key milestone for Aerolloy and highlights the technological capabilities that the company has been building over the years.

Opportunities in Defence and Aerospace

“This is a significant achievement for the company, and we are now partnering with one of Israel’s leading organisations and a global aerospace leader. This new order opens up new opportunities for us to expand into Israel’s defence and aerospace sectors,” Agarwal added.

IAI’s Commitment to India’s Defence Ecosystem

Zeev Mivtzari, Country Head India and CMD of Israel Aerospace Industries, said, “IAI considers itself a part of India’s growing defence ecosystem. We are already working with over 50 local companies, and I am delighted to expand our activities in India by partnering with PTC Industries for the manufacturing of strategic materials. This is a key step for IAI in expanding its business while also contributing to India’s policy of self-reliance.