PTC Industries ' subsidiary Aerolloy Technologies has successfully completed the installation of its plasma arc melting furnace at the Strategic Manufacturing Technology Centre in Lucknow. The company announced this milestone through an official press release filed under Regulation 30 of SEBI regulations.

Installation Completion and Readiness

The plasma arc melting furnace installation has reached full completion with all systems operational. The facility specifications demonstrate significant manufacturing capability:

Advanced Manufacturing Technology

Plasma arc melting represents a sophisticated approach to titanium and specialty alloy production. The technology employs plasma torch heat sources under controlled atmospheric conditions, enabling precise melting control and superior metallurgical quality.

Key operational advantages of the plasma arc melting process include:

• Superior Quality Control: High metallurgical cleanliness essential for aerospace and defence applications
• Material Efficiency: Capability to remelt and recycle internal metallic scrap and returns from casting and machining operations
• Production Flexibility: Ability to produce specialized titanium alloys in smaller batch sizes not economical through large-scale melting routes

Strategic Manufacturing Integration

The plasma arc melting furnace complements Aerolloy's existing vacuum arc remelting and vacuum induction melting infrastructure. This combination positions PTC Industries as one of the most integrated titanium and superalloy manufacturing platforms in the region.

The facility enables development and manufacture of customized titanium alloys in limited quantities, supporting advanced aerospace, defence, and space programmes requiring tailored material specifications. The installation aligns with PTC's strategy of building a fully integrated ecosystem for advanced materials within India, supporting both import substitution and export-oriented growth.

Company Background

PTC Industries Limited operates as a precision metal components manufacturer with over six decades of experience in critical and high-performance applications. Through Aerolloy Technologies, the company serves both domestic and global aerospace and defence markets with titanium and superalloy materials and castings.

PTC Industries has officially disclosed receiving a prestigious order from the Vikram Sarabhai Space Centre (VSSC), a key facility of the Indian Space Research Organisation (ISRO), under Regulation 30 of SEBI Listing Obligations. The contract involves converting 40 tonnes of Grade 1 Titanium sponge into Ti-6Al-4V Titanium alloy ingots using the Double Vacuum Arc Remelting (Double VAR) process, meeting stringent aerospace-grade standards for space applications.

Official Regulatory Disclosure

The company has formally notified both NSE and BSE about this significant order through proper regulatory channels. The disclosure was signed by Company Secretary and Compliance Officer Pragati Gupta Agrawal, emphasizing the order's materiality and compliance with SEBI regulations.

Advanced Manufacturing Process and Technical Significance

Vacuum Arc Remelting (VAR) represents a critical secondary melting process for producing aerospace-grade Titanium alloys. In this process, Titanium electrodes are remelted under high vacuum using an electric arc, enabling precise control over chemistry, solidification, and cleanliness. The Double VAR process eliminates inclusions, dissolved gases, and segregation that could adversely affect mechanical performance in mission-critical applications.

The use of Grade 1 Titanium sponge as starting material ensures very low interstitial content, which is essential for space-grade Titanium alloys. This results in extremely high chemical homogeneity, superior metallurgical cleanliness, and enhanced fatigue strength and fracture toughness.

Strategic Significance and Financial Impact

While the company confirmed the order value is reasonably significant and expected to positively impact revenue, specific financial details remain confidential due to terms applicable under the Department of Space, Government of India. This order underscores PTC Industries' established capabilities in producing high-quality titanium products for India's space program and represents strong endorsement of the company's metallurgical expertise.

The company described the order as supporting India's indigenous space and aerospace programmes, aligning with the government's Aatmanirbhar Bharat initiative to reduce import dependence in strategic materials.

Recent Financial Performance

PTC Industries reported mixed financial results for Q2FY26, demonstrating resilience amid challenging market conditions:

Market Performance and Aerospace Portfolio

Shares of PTC Industries were trading 1.68% down at ₹17,580.00, with the stock declining 7.05% over the past month. Despite short-term market volatility, the company maintains strong relationships with leading aerospace and defence organisations, including Hindustan Aeronautics Limited (HAL), Defence Research and Development Organisation (DRDO), and BrahMos Aerospace.

The company is making a multi-million-dollar investment to establish a fully integrated Titanium and Superalloy manufacturing ecosystem at its new facility in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor, featuring a Titanium and Superalloy mill and state-of-the-art precision casting facility.