Aerolloy Technologies signs Long Term Purchase Agreement with Dassault Aviation for supply of full range of Titanium Cast parts for the Rafale Multirole fighter aircraft

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, and Dassault Aviation, the French global leader in military aircraft, business jets and space systems, announced a multi-year agreement for the supply of Titanium casting parts made in India. From 2024 onwards, Aerolloy will produce the full range of Titanium castings parts for the Rafale multirole fighter aircraft and the Falcon business jet program.

This agreement reflects the commitment of both companies to the 'Make in India' and Aatmanirbhar Bharat initiatives set forth by the Government of India.

Sachin Agarwal, Chairman and Managing Director of PTC Industries, expressed his excitement about the longterm partnership, stating, "Through this agreement, Aerolloy Technologies is poised to contribute significantly to the enduring success of Make in India - Make for the World. As the only India-based manufacturer of critical titanium cast parts, we are eager to leverage our capabilities to support the growing requirements of the various aircraft in Dassault Aviation's portfolio."

Signing the purchase agreement, Bruno Coiffier, Senior Executive Vice President Purchasing, Dassault Aviation said: "This strategic collaboration salutes the expertise of Aerolloy Technologies joining Dassault Aviation's worldwide global supply chain for the cutting-edge Rafale and Falcon jets. It also illustrates, Dassault Aviation's aim to contribute to the success of a robust ecosystem within India and beyond, for the supply of critical components thus demonstrating its total dedication to the Make in India Policy."

Shares of PTC Industries Ltd was last trading in BSE at Rs. 6966.60 as compared to the previous close of Rs. 6903.70. The total number of shares traded during the day was 229 in over 164 trades.

The stock hit an intraday high of Rs. 7059.85 and intraday low of 6903.75. The net turnover during the day was Rs. 1599876.00.

Source : Equity Bulls

Keywords

PTCIndustries INE596F01018 Supply OrderWin DassaultAviation