PTC Industries, Bharat Dynamics to Form JV for Advanced Missile and UAV Propulsion Systems

Lucknow-based PTC Industries Limited has entered into a strategic partnership with Bharat Dynamics Limited (BDL) to set up a joint venture dedicated to the design, development, and manufacture of advanced propulsion systems, guided bombs, and aero-engines for missiles, UAVs, and loitering munitions. The initiative marks a major step in strengthening India’s self-reliance in defence production under the ‘Make in India’ programme.

Strategic Collaboration to Boost Indigenous Capability

The MoU was exchanged during the inauguration of PTC’s Titanium & Superalloys Materials Plant at its Strategic Materials Technology Complex (SMTC) in Lucknow, in the presence of Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath.

The collaboration aims to reduce dependence on foreign suppliers and bolster India’s indigenous capabilities in propulsion manufacturing, including liquid and solid rocket motors, ramjet, and turbojet engines for UAVs and drones.

PTC’s Expansion and Future Vision

PTC Industries Chairman and Managing Director Sachin Agarwal said, “This Joint Venture with Bharat Dynamics Limited is a decisive step towards building India’s capability in critical propulsion and engine technologies. 

By combining BDL’s proven systems pedigree with PTC’s materials, manufacturing and precision-engineering expertise, we will create an indigenous, future-ready ecosystem for missiles, UAVs and next-generation strategic platforms fully aligned with the vision of Aatmanirbhar Bharat.”

Read More: Indian Defence QRSAM Systems: BEL, BDL and Other Defence Stocks to Reap Benefits!

PTC Industries and BDL Share Performance 

As of October 20, 2025, PTC Industries share price is trading at ₹17,060 per share, reflecting a surge of 1.79% from the previous closing price, while the BDL Share price is closed at ₹1,543.90 per share, reflecting a surge of 0.25% from the previous closing price.

Conclusion

Through this partnership, PTC and BDL aim to build a robust design-to-delivery ecosystem for strategic propulsion technologies, reinforcing India’s position in global defence and aerospace innovation.

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