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

Aerolloy Technologies Limited, a subsidiary of PTC Industries Limited, has appointed Frederic Oudelet as the new Vice President of Engineering (Castings). With over two decades of experience in the investment casting industry, Oudelet's previous roles include significant contributions at Safran Aircraft Engines and PCC Structurals. His appointment underscores Aerolloy's commitment to engineering excellence and innovation in the aerospace sector.

In other developments, PTC Industries is set to enhance its aerospace casting capabilities with a substantial investment in a new manufacturing facility on a recently acquired 50-acre site in the Uttar Pradesh Defence Industrial Corridor. This state-of-the-art facility aims to be fully vertically integrated, producing aerospace-grade ingots, billets, bars, plates, and sheets made from titanium and superalloys. The expansion positions PTC Industries to capitalize on growing demands in the aerospace and defense markets, signaling a positive outlook for future growth.