Mukul Agrawal Hold 1.07% Stake: Aerospace & Defence Company Commissions State-of-the-Art Vacuum Arc Remelting (VAR) Furnace for Large Titanium Castings

Aerolloy Technologies, a subsidiary of PTC Industries Ltd, has successfully commissioned a new Vacuum Arc Remelting (VAR) 400 Furnace at its plant in Lucknow. This new furnace gives the company the ability to manufacture some of the largest titanium castings in the world, a capability shared by only one other company globally. These large-scale titanium and superalloy castings are essential for critical applications in aeroengines, industrial gas turbines, and advanced defence and aerospace platforms, including submarines and strategic weapons systems. This development significantly strengthens India's self-reliance in high-performance aerospace materials, reducing dependency on imports.

This strategic move enhances Aerolloy's and PTC's integrated supply chain, which now covers the entire process from alloy and material production to the creation of large, near-net-shape precision castings. This integration is expected to boost efficiency and cost-competitiveness, providing a secure supply chain for global customers. With the aerospace-grade titanium and superalloy casting market valued at billions of dollars annually and projected to grow, the new furnace positions Aerolloy to capture a significant share of both domestic and international market opportunities. This also aligns with national goals of achieving technological self-reliance and boosting export potential in the defence and aerospace sectors.

About the Company

PTC Industries Limited is a leading Indian manufacturer of precision metal components for critical applications for over 60 years. Through its 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 capability by making a multi-million-dollar investment in a new state-of-the-art manufacturing facility at its 50-acre land in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. This facility will house a fully vertically integrated plant with a Titanium and Superalloy Mill, producing aerospace-grade ingots, billets, bars, plates and sheets in critical and strategic materials.

An ace investor, Mukul Agrawal, owns 1,60,000 shares or a 1.07 per cent stake as of June 2025. The stock gave multibagger returns of 560 per cent in 3 years and a whopping 3,900 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.