Shares of PTC Industries surged 4.35% on Friday to ₹13,948 on the NSE after the company announced it has secured an order exceeding ₹100 crore from BrahMos Aerospace for the supply of critical titanium castings for the supersonic cruise-missile programme. The rise added significant investor wealth, with the company’s market capitalization standing at ₹205.87 billion.
The order deepens a partnership that began in 2019 and underscores PTC’s role in India’s defence indigenisation drive under Aatmanirbhar Bharat. Chairman and Managing Director Sachin Agarwal said the development “deepens our engagement with one of the country’s most significant defence programmes and reinforces our broader mission to build advanced materials and critical component manufacturing capabilities in India for the world.”
PTC has established itself as a trusted supplier to key defence and aerospace programmes, including HAL, DRDO and BrahMos, while also exporting titanium and superalloy castings to leading global OEMs such as Safran, Dassault Aviation, BAE Systems and Israel Aerospace Industries.
The company is also expanding capacity through a state-of-the-art integrated facility being developed on 50 acres in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. Its subsidiary, Aerolloy Technologies, will manufacture aerospace-grade titanium and superalloy products to support strategic self-reliance and shorten supply chains.
The latest BrahMos order provides near-term revenue visibility and further strengthens PTC’s order book in high-value defence materials. Investors will be tracking execution timelines, margin trajectory in the titanium value chain, and commissioning of the new Lucknow facility as key drivers for the stock.