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PTC Industries Ltd ( (IN:PTCIL) ) has provided an update.
PTC Industries Limited has signed a Memorandum of Understanding with Bharat Dynamics Limited to form a joint venture aimed at designing, developing, and manufacturing advanced propulsion systems and aero-engines for missiles and UAVs. This collaboration is expected to enhance India’s domestic manufacturing capabilities, reduce reliance on foreign suppliers, and support the ‘Make in India’ initiative by creating a comprehensive, indigenous design-to-delivery pathway for strategic propulsion and engine technologies.
More about PTC Industries Ltd
PTC Industries Limited is a prominent manufacturer specializing in high-performance materials and precision-engineered components for critical defense and aerospace applications.
Average Trading Volume: 964
Technical Sentiment Signal: Buy
Current Market Cap: 251.9B INR
See more data about PTCIL stock on TipRanks’ Stock Analysis page.