PTC Industries hits 10% upper circuit as arm wins Safran Aircraft order

Aerolloy Technologies, a wholly owned subsidiary of the company has received an order from Safran Aircraft Engines, to develop and supply of Titanium cast components for Aircraft Engines

Shares of PTC Industries were locked in 10 per cent upper circuit at Rs 2,832.95 in Friday's intra-day trade, after Aerolloy Technologies (ATL), a wholly owned subsidiary of the company received order from Safran Aircraft Engines (SAE), to develop and supply Titanium cast components for Aircraft Engines.

This is the first time SAE would be developing and sourcing Titanium cast components for its Aero-engines from India, the management said.

In the past three trading days, the stock of PTC Industries rallied 16 per cent. In the past six months, it zoomed 45 per cent, as compared to 1