Aerolloy Technologies (ATL), a wholly owned subsidiary of PTC Industries Limited, is proud to announce the receipt of a significant order from Safran Aircraft Engines (SAE). This long-term purchase order entails the supply of seven cast aero-engine components, utilizing both titanium and superalloys, for CFM's advanced LEAP-1A and LEAP-1B engines.
This collaboration positions Aerolloy Technologies as the only Indian company supplying cast components in titanium and superalloys to a world-class aircraft -engine manufacturer. The order encompasses components for the LEAP-1A for the LEAP-1B engines, reinforcing ATL's expertise in producing complex, high-quality components for next-generation aero engines.
The LEAP engine series is renowned for its operational efficiency and reduced environmental footprint, aligning with the aviation industry's goals for sustainable development. With over 370 LEAPpowered aircraft currently in operation across India and more than 2,000 LEAP engines on order for Indian airlines, Safran continues to expand its partnerships with key Indian suppliers to support the growing demand for aero-engine components.
Safran Aircraft Engines continues its strong commitment to increasing sourcing from India as part of its broader strategy to strengthen the country's aerospace manufacturing ecosystem. By expanding partnerships with key Indian suppliers such as this with Aerolloy Technologies, Safran is enhancing production capabilities for the LEAP engine in India, supporting the long-term growth of the domestic aviation sector and reinforcing its role in the global aerospace supply chain.
Mr. Sachin Agarwal, Chairman & Managing Director of PTC Industries, said: "This order not only reinforces our strong relationship with a world-class engine manufacturer but also highlights our capabilities in producing complex, high-quality components for the next generation of aero engines. We are excited to contribute to the success of the LEAP engine program and look forward to a continued partnership with Safran."
Mr. Dominique Dupuy, Vice President Purchasing of Safran Aircraft Engines added: "This major agreement is another testimony of our strategy to build a strong aero engine supply-chain in India and thus support the LEAP commercial success. Benefiting from the expertise and advanced manufacturing capabilities of Aerolloy Technologies, we look forward to working together to bring more value to our global supply chain."
Shares of PTC Industries Ltd was last trading in BSE at Rs. 14995.75 as compared to the previous close of Rs. 14913.30. The total number of shares traded during the day was 1409 in over 672 trades.
The stock hit an intraday high of Rs. 15090.00 and intraday low of 14663.20. The net turnover during the day was Rs. 20952885.00. |
