PTC Industries receives major order from BAE Systems for Supply of Titanium Castings for M777 Ultra-Lightweight Howitzer

PTC Industries Limited, a leading manufacturer of high-quality engineering metal components, has received a significant production order from BAE Systems for the supply of Titanium castings for the M777 Ultra-Lightweight Howitzer (ULH), including Spade Trails and Blades. These Titanium castings were developed by PTC Industries for M777 ULH over the last two years. This order marks a major milestone in PTC Industries ongoing relationship with BAE Systems and underscores the company's technological prowess to be able to supply mission critical components for such advanced defence platforms.

PTC Industries will produce complex lightweight Titanium castings for the 155mm M777 ULH at its stateof-the-art production facility in Lucknow, Uttar Pradesh. This partnership is a testimony to PTC Industries capabilities in delivering high-precision components for critical defence applications.

With a weight of about 4.2 MT, BAE Systems' M777 ULH is the lightest towed howitzer gun that exists. This considerable weight reduction is achieved due to the extensive use of thin walled Titanium castings in the structure of the artillery gun, allowing the M777 to be even be transportable by helicopter.

The titanium castings produced by PTC Industries will form essential components of the M777 ULH, a highly mobile artillery system known for its lightweight and superior performance. The production process at PTC Industries has been developed and qualified to ensure long-term support for the M777s.

PTC Industries advanced manufacturing capabilities and commitment to innovation make it a key partner in the defence sector. This order from BAE Systems further solidifies PTC Industries position as a leader in the production of high-quality titanium castings for critical applications.

Commenting on this development Mr. Sachin Agarwal, Chairman & Managing Director, PTC Industries said: "We are thrilled to receive this serial production order from BAE Systems for this significant project. This order not only enhances our partnership with BAE Systems but also showcases our proficiency in producing highly complex and thin-walled Titanium castings for such critical applications, making us amongst two to three companies in the world who have such capability. We provide top-quality products to support the defence sector and further the 'Make in India - Make for the World' initiative."

Shares of PTC Industries Ltd was last trading in BSE at Rs. 13652.15 as compared to the previous close of Rs. 13102.75. The total number of shares traded during the day was 1939 in over 262 trades.

The stock hit an intraday high of Rs. 13757.85 and intraday low of 13050.00. The net turnover during the day was Rs. 26093557.00.

Source : Equity Bulls

Keywords

PTCIndustries INE596F01018 OrderWin BAESystems TitaniumCastings M777 UltraLightweightHowitzer