PTC Industries takes up development contract for supply of critical components for DRDO

6 Dec 2022 , 01:29 PM

PTC Industries Limited, a manufacturer of high-quality, high-precision metal components for a variety of critical and super-critical applications, has won a contract to develop critical components for DRDO-Combat GTRE’s Aircraft Engine development programme.

Given the Government of India’s directives on ‘Aatmanirbhar Bharat’ and the current geopolitical situation, the Ministry of Defence’s initiative to design, develop, and manufacture its own fighter aircraft platforms will increase the possibility of indigenously developed engines being used in these platforms.

PTC is developing expertise in manufacturing critical components for Titanium Alloy Aero Engines/Aircraft using innovative Investment Casting – Hot Isostatic Pressing (IC – HIP) technology in collaboration with GTRE – DRDO.

This will strengthen the country’s indigenous defence capabilities as a whole. The Engine Bevel Pinion Housing prototype, which was developed in collaboration with GTRE and displayed at the recently concluded DefExpo 2022 in Gandhinagar, Gujarat, is one such critical component.

At around 1.30 PM, PTC Industries’ counter was quoted at Rs2,900 per piece, up by 0.11% against the previous close of Rs2,896.95 on BSE.

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