Joint Venture24 Jun 2025, 04:07 pm
PTC Industries' Subsidiary Aerolloy Technologies to Develop Robust Defence Aerospace Ecosystem in India with Safran Aircraft Engines
AI Summary
In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, PTC Industries Ltd. announces that its subsidiary, Aerolloy Technologies Limited (ATL), has signed a Memorandum of Understanding (MOU) with Safran Aircraft Engines. The MOU aims to develop cooperation on the manufacturing of components and materials for military aircraft engines. This partnership aligns with the 'Make in India' initiative, fostering collaboration and innovation in the aerospace sector while addressing the defence needs of the country. The ongoing partnership for commercial LEAP engines lays a strong foundation for this expanded cooperation.
Key Highlights
- PTC Industries' subsidiary, Aerolloy Technologies Limited, to develop a robust domestic defence aerospace ecosystem in India
- Cooperation on the manufacturing of components and materials for military aircraft engines
- Partnership aligns with the 'Make in India' initiative
- Ongoing partnership for commercial LEAP engines strengthens the expanded cooperation
- Aerolloy Technologies Limited is a wholly owned subsidiary of PTC Industries Limited, specialized in the manufacturing of castings and materials for aerospace applications