Mukul Agrawal holds 1.07% stake: Aerospace & Defence Company announces strategic MoU with Kineco Aerospace & Defence

PTC Industries Limited and Kineco Aerospace & Defence have signed a Memorandum of Understanding (MoU) to collaboratively develop and manufacture value-added aerospace components and structural assemblies. This strategic partnership combines PTC's expertise in high-integrity metal castings, including exotic materials like titanium and superalloys, with Kineco's strong capabilities in advanced lightweight composite structures for aerospace and defence. The MoU was signed in Lucknow on August 12, 2025, by Mr. Sachin Agarwal, Chairman & Managing Director of PTC Industries and Mr. Shekhar Sardessai, Founder, Chairman & Managing Director of Kineco Group.

The collaboration's scope is extensive, encompassing the co-development of hybrid aero-structures that combine composites and metallics and the localisation of critical aerospace components, including flight-critical parts. Both companies will also jointly participate in global Request for Quotations (RFQs), particularly for civil and defence programs. Furthermore, the MoU facilitates advanced research and development (R&D) and technology transfer in collaboration with organisations like DRDO and other key stakeholders. This synergy is expected to significantly accelerate indigenisation, create value-added jobs and foster intellectual property within India's burgeoning aerospace ecosystem, supporting the nation's ambitions in civil aviation, air defence and space 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 Aerospace castings capability by making a multi-million-dollar investment in a new state-of-the-art manufacturing facility at the newly acquired 50-acre land in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. This facility will be fully vertically integrated with a Titanium and Superalloy Mill, producing aerospace-grade ingots, billets, bars, plates and sheets in these 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 185 per cent in just 2 years, 660 per cent in 3 years and a whopping 7,000 per cent in 5 years.

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