PTC Industries Limited (BSE: 539006, NSE: PTCIL) a manufacturer of high-quality high-precision metal components for various critical and super-critical applications, today announced financial results for the quarter ended 30th June 2024.
Partnership with leading defence entities under DTIS scheme in Indian Defence and Aerospace sector to advance the ‘Make in India’ initiative: PTC Industries collaborated with top-tier defence sector firms under DTIS scheme to enhance ‘Make in India’ initiative. The establishment of “Advanced Materials (Defence) Testing Foundation” in Lucknow, part of UP Defence Industrial Corridor, aims to provide cost-effective, advanced testing infrastructure. This project is a collaborative effort among key industry players including Hindustan Aeronautics Limited, Bharat Dynamics Limited, Mishra Dhatu Nigam, Yantra India Limited, PTC Industries Limited and Uttar Pradesh Expressways Industrial Development Authority, with the land being provided by the Uttar Pradesh Expressway Industrial Development Authority. The Indian Government will fund the majority of the Rs. 53 crore project cost, with remaining investment shared by the participating members.