PTC Industries’ Subsidiary Aerolloy Partners with Safran to Boost India’s Defence Aerospace Capabilities

On June 24, 2025, at Paris Le Bourget, India’s Aerolloy Technologies Limited (ATL) and France’s Safran Aircraft Engines signed a Memorandum of Understanding (MOU) to work together on producing parts and materials for military aircraft engines. This partnership marks a big step toward building a strong local defence aerospace ecosystem in India.

About Aerolloy Technologies Limited

ATL is a wholly owned subsidiary of PTC Industries Limited and specialises in making high-quality castings and materials for aerospace use. Safran Aircraft Engines, a global player, designs, builds, and maintains both civil and military aircraft engines.

Supporting 'Make in India' and Defence Goals

The MOU aligns with India’s "Make in India" initiative, encouraging domestic production and innovation in the defence sector. The collaboration builds on the successful working relationship between ATL and Safran for civil LEAP engines and now extends to military applications.

Expanding Manufacturing Capabilities in India

PTC Industries, through ATL, already supplies titanium and superalloy castings for both Indian and global aerospace and defence markets. To boost its capacity, the company is investing heavily in a new, advanced manufacturing facility in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. This plant will have a full-fledged Titanium and Superalloy Mill for integrated production.

Mr. Sachin Agarwal, CMD of PTC Industries, expressed that this partnership is a major move to boost India's self-reliance in military aircraft engine production. He emphasised that the existing commercial collaboration has laid a strong foundation for future defence-focused cooperation.

PTC India Share Price Movement

As of 9:46 AM IST on June 25, PTC India share price is trading at ₹178.56, up ₹5.33 or 3.08% for the day. The stock opened at ₹175.38 and has touched a high of ₹178.88 and a low of ₹174.45 so far. The company has a market capitalisation of ₹5,290 crore and a price-to-earnings (P/E) ratio of 6.80. It has no dividend yield at present. The stock's 52-week high is ₹246.85, while the 52-week low stands at ₹127.69.

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Conclusion

The partnership between ATL and Safran is a strategic milestone for India’s aerospace sector. It not only strengthens the country’s defence capabilities but also pushes forward the vision of self-reliant manufacturing under the "Make in India" banner.

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