PTC Industries and Bharat Dynamics Limited to Establish a Joint Venture for Advanced Propulsion Systems and Aero-Engines

PTC Industries Limited, a leading manufacturer of high-performance materials and precision-engineered components for critical Defence and Aerospace applications, has signed a Memorandum of Understanding with Bharat Dynamics Limited to establish a Joint Venture Company. The joint venture will be dedicated to the design, development and manufacture of complete propulsion systems, guided bombs, and aero-engines for missiles, UAVs and loitering munitions, subject to requisite regulatory approvals. This collaboration aims to reduce dependence on foreign suppliers and enhance domestic propulsion manufacturing capabilities including liquid and solid rocket motors, ramjet and turbojet engines for UAVs and drones. It will also leverage PTC’s strengths in manufacturing of components for defence equipment and critical materials for missiles, munitions, turbo aero engines and subsystems for Defence and Aerospace platforms to create an integrated, India-based design-to-delivery pathway for strategic propulsion and engine technologies.