Press Release5 Sept 2024, 08:11 pm
PTC Industries Subsidiary, Aerolloy Technologies, Secures First Order from Israel Aerospace Industries for Titanium Cast Components
AI Summary
PTC Industries Limited, a leading supplier of high-precision metal components, announced that its wholly owned subsidiary, Aerolloy Technologies Limited (ATL), has received an order from Israel Aerospace Industries (IAI) for the supply of Titanium cast components for aerospace applications. This is the first time that IAI is sourcing such cast components from India. The new order will open up new opportunities for the company in the defence and aerospace sectors in Israel, aligning with India's SELF RELIANCE policy.
Key Highlights
- Aerolloy Technologies Limited, a subsidiary of PTC Industries Limited, has secured an order from Israel Aerospace Industries (IAI) for Titanium cast components.
- This is the first time that IAI is sourcing such cast components from India, marking a significant milestone for ATL and PTC Industries.
- The new order will enable ATL to work with one of Israel's leading organizations and a global leader in the aerospace sector.
- Israel Aerospace Industries views itself as part of India's Defence Ecosystem and aims to expand its local activity with PTC Industries for manufacturing of strategic materials.
- This new order will provide opportunities for the company in the defence and aerospace sectors in Israel, supporting India's SELF RELIANCE policy.