Aerolloy Technologies signs MoU with Dassault Aviation for prospective supply of Titanium Cast Parts and material to Dassault

Aerolloy Technologies Limited (a wholly owned subsidiary of PTC Industries Limited, herein referred to as "ATL"), a manufacturer of strategic and critical materials and highintegrity metal components, for various critical and super-critical applications in aerospace, has signed a Memorandum of Understanding (MOU) with Dassault Aviation, a major player in the global aerospace industry.

To address the anticipated requirements of the Defence and Aerospace sector, the organisations will seek and develop opportunities for cooperation and partnership on various fronts. Through this MoU, PTC and Dassault Aviation will jointly explore prospective collaboration for Dassault Aviation's potential purchase of Titanium Casting Parts and Titanium Raw Materials from Aerolloy Technologies Limited.

As part of the MoU, the two organisations will evaluate the possibility of Dassault Aviation purchasing Titanium and Super Alloy material, components, and castings for Aerospace applications from Aerolloy Technologies Limited. These titanium castings and components shall be used for Rafale multirole fighters and other Dassault manufactured aircraft.

Speaking at this occasion, Mr. Sachin Agarwal, Chairman, and Managing Director, PTC Industries said: "It is an honour to collaborate with Dassault Aviation and the signing of this MOU is a huge milestone for our company towards establishing ourselves as a reliable source for critical materials and components for aerospace applications across the world. With the technologies and capabilities that are being created by Aerolloy for the manufacture of aerospace materials, components, and sub-systems, this partnership is a significant one. This is a big step forward towards bringing Parity and building a strong defence and aerospace manufacturing ecosystem in India."

Shares of PTC Industries Ltd was last trading in BSE at Rs. 2734.85 as compared to the previous close of Rs. 2794.40. The total number of shares traded during the day was 9138 in over 924 trades.

The stock hit an intraday high of Rs. 2997.70 and intraday low of 2701.50. The net turnover during the day was Rs. 25999951.00.

Source : Equity Bulls

Keywords

PTCIndustries INE596F01018 AerolloyTechnologies MoU DassaultAviation