Aerolloy Technologies receives approval from Safran Aircraft Engines to develop and supply critical components for Aircraft Engines

Aerolloy Technologies Limited (a wholly owned subsidiary of PTC Industries Limited, herein referred to as "ATL"), a manufacturer of strategic and critical materials and high integrity metal components, for various critical and super-critical applications in aerospace, has been approved by Safran Aircraft Engines ("SAE"), a top global aircraft engine manufacturer, for development and supply of cast components for Aero Engines.

Safran Aircraft Engines has approved ATL for the development and supply of Titanium and Super Alloy castings for Aero Engines. This is the first time that such critical cast components for Aircraft Engines, in Titanium and Super Alloys, are being sourced by SAE from India.

Shares of PTC Industries Ltd was last trading in BSE at Rs. 2586.40 as compared to the previous close of Rs. 2462.50. The total number of shares traded during the day was 5035 in over 1072 trades.

The stock hit an intraday high of Rs. 2677.00 and intraday low of 2399.95. The net turnover during the day was Rs. 12606402.00.

Source : Equity Bulls

Keywords

PTCIndustries INE596F01018 AerolloyTechnologies SafranAircraftEngines Approval