PTC Industries and Kineco Aerospace & Defence announce strategic MoU to Collaborate on Value-Added Aerospace Components & Structures

PTC Industries Limited (herein referred to as "PTC"), a manufacturer of highquality high-precision metal components and materials for various critical and super-critical applications and Kineco Aerospace & Defence, a leader in advanced composite solutions, have announced the signing of a Memorandum of Understanding (MoU) to jointly develop and manufacture value-added aerospace components and structural assemblies.

This strategic collaboration brings together PTC's expertise in high-integrity castings and exotic materials like titanium and superalloys and Kineco's proven capabilities in lightweight composite structures for aerospace and defence applications to create a next-generation ecosystem for indigenous aerospace manufacturing.

The MoU was signed by Mr. Sachin Agarwal, Chairman & Managing Director of PTC Industries and Mr. Shekhar Sardessai, Founder, Chairman & Managing Director of Kineco Group in the presence of senior leadership teams from both companies.

Speaking at this occasion, Mr. Sachin Agarwal, Chairman and Managing Director of PTC Industries, said: "Together, PTC and Kineco will be able to offer integrated solutions across metallics and composites addressing critical needs of Indian and global OEMs. Both companies share a common vision: building an Atmanirbhar Bharat through high-precision engineering".

Commenting on this occasion, Mr. Shekhar Sardessai, Founder, Chairman & Managing Director of Kineco Group, said: "This partnership is a perfect blend of material innovation and manufacturing excellence. It paves the way for India to become a serious player in the global aerospace supply chain - not just in assemblies, but in core technologies and materials."

The scope of the collaboration includes:

- Co-development of hybrid aero structures combining composites and metallics
- Localization of critical aerospace components, including flight-critical parts
- Joint participation in global RFQs, especially for civil and defence programs
- Advanced R&D and technology transfer in collaboration with DRDO and other stakeholders

Both companies envision the partnership playing a vital role in supporting India's growing ambitions in civil aviation, air defence, and space sectors. The synergy is expected to accelerate indigenisation and create value-added jobs and IP within India's aerospace ecosystem.

Shares of PTC Industries Ltd was last trading in BSE at Rs. 14284.70 as compared to the previous close of Rs. 15128.35. The total number of shares traded during the day was 3251 in over 1230 trades.

The stock hit an intraday high of Rs. 14934.15 and intraday low of 13850.00. The net turnover during the day was Rs. 46560333.00.

Source : Equity Bulls

Keywords

PTCIndustries INE596F01018 MoU KinecoAerospaceandDefence