Corporate Feature     

Published: July 15, 2024
Updated: July 15, 2024

PTC Industries Ltd.

Board gives green signal for Rs. 700 cr fund raise through QIP

The board of directors of PTC Industries Limited (BSE: 539006, NSE: PTCIL), a leading Indian manufacturer of precision metal components for critical applications, has approved raising of funds, aggregating up to ¹ 700 crores through qualified institutions placement (QIP), subject to necessary approvals including the approval of the members of the company and such other regulatory/ statutory approvals as may be required

The company has setup this manufacturing capability at its Lucknow facility. This technological know-how makes PTC the only company to have this capability in India and amongst very few in the world. This technology till now has been kept very closely guarded and access to this technology has remained restricted for any country in the developing world. Creation of this indigenous capability by the company is a of major milestone for PTC in achieving its overarching objective (Dharma) – to achieve parity.

This capability and its related infrastructure will enable the company to produce airfoils (blades and vanes) with complex internal hollow cooling passages while having highly specialized microstructures like single crystal or directionally solidified.

This manufacturing technology is extremely specialized and has traditionally been closely guarded by industry leaders in 3 – 4 countries worldwide. With this strategic advancement, the company is now among very few companies in the world to have the technology and capability to manufacture and deliver these most advanced metallurgical components.

In order to achieve higher levels of efficiencies aeroengines and industrial gas turbines need to operate at very high temperatures, in excess of 2500 degrees celsius, in the combustion and exhaust (hot section) portions. Airfoils (blades and vanes) which are used in this “hot section need to withstand these extremely high operating temperatures (at which any metal alloy would melt) and simultaneously intensely high rotational forces. Single crystal and directionally solidified castings are advanced casting techniques used to manufacture metal components with exceptional strength and resistance to very high temperatures. Using these technologies castings can be produced having a microstructure with no grain boundaries (Single Crystal) or aligned grains (Directionally Solidified). These metallurgical properties in the Airfoil castings significantly enhance their performance in demanding environments such as aircraft engine turbines, where they help improve efficiency and reliability. Airfoils (blades and vanes), used in such demanding applications and environment, utilise these metallurgical properties of Single srystal or directionally solidified microstructures along with capability to cast internal hollow cooling passages to operate at such high temperatures and high loads.

PTC Industries Limited is a leading Indian manufacturer of precision metal components for critical applications for over 60 years.

Through the company’s wholly owned subsidiary Aerolloy Technologies Limited, the company is manufacturing and supplying Titanium and Superalloy castings for Aerospace and Defence applications within India as well as for exports. The company is substantially expanding its Aerospace castings capability by making a multimillion-dollar investment in a new state-of-the-art manufacturing facility at the newly acquired 50 acres land in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. This facility will be a fully vertically integrated with a Titanium and Superalloy Mill, producing aerospace grade ingots, billets, bars, plates and sheets in these critical and strategic materials.