PTC Industries Limited has informed the Exchange regarding a press release dated Jun 24, 2025, titled "Aerolloy Technologies Limited and Safran Aircraft Engines sign MOU to develop Robust Domestic Defence Aerospace Ecosystem in India.".
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PTC Industries' wholly owned subsidiary Aerolloy Technologies Limited (ATL) signed a Memorandum of Understanding (MOU) with France-based Safran Aircraft Engines to cooperate on manufacturing components and materials for military aircraft engines. The partnership, announced at Paris Le Bourget on June 24, 2025, aligns with India's 'Make in India' policy and supports Safran's ambition to build a comprehensive aeroengine ecosystem in India. This expands an existing collaboration between ATL and Safran, which already work together on commercial LEAP engines. PTC is also investing in a new multi-million-dollar aerospace castings facility in Lucknow's Defence Industrial Corridor to produce titanium and superalloy materials.
This MOU strengthens PTC Industries' position in the defence aerospace supply chain and opens up long-term revenue potential from a major global aerospace player. For shareholders, it signals a credible step toward scaling the company's high-value aerospace and defence business, though the announcement is a partnership commitment rather than a confirmed revenue contract.