PTC Industries witnessed a significant uptick of nearly 2 percent in early trade on December 28 following its collaboration agreement with Nasmyth (UK), focusing on delivering solutions to defence and aerospace customers.
The pact between Nasmyth and PTC is strategically aligned with the ‘Make in India’ Atmanirbhar Bharat program, symbolizing a joint commitment to supporting indigenous manufacturing initiatives. This collaborative effort also addresses the escalating demand for vertically integrated supply chain solutions within the defence and aerospace sectors.
With a shared goal of bolstering capacity in the market, this partnership aims to provide comprehensive global solutions for original equipment manufacturers (OEMs). The objective is to assist OEMs in diversifying and de-risking their supply chains, while concurrently presenting opportunities for substantial capacity growth.
As of 1:12 pm, PTC Industries shares continued to perform positively, trading 0.89% higher at ₹192.30.
