PTC Industries Limited — Updates, 13-11-2024: Press Release (Revised)

Aerolloy Technologies Limited, a subsidiary of PTC Industries Limited, has appointed Frederic Oudelet as its new Vice President of Engineering (Castings). Mr. Oudelet brings over 20 years of experience in the investment casting industry, with significant roles at companies such as Safran Aircraft Engines and PCC Structurals. His expertise will be pivotal in advancing Aerolloy's engineering initiatives and maintaining its leadership in aerospace casting technology.

PTC Industries is also making a strategic investment in expanding its aerospace casting capabilities. The company plans to develop a new, state-of-the-art manufacturing facility on a newly acquired 50-acre site in the Uttar Pradesh Defence Industrial Corridor. This facility will integrate the production of titanium and superalloy materials, positioning PTC Industries to better serve both domestic and export markets. These developments suggest a positive outlook for the company's growth trajectory and potential market position in the aerospace sector.