PTC Industries’ subsidiary Aerolloy Technologies has signed a long-term supply agreement with Honeywell Aerospace Technologies to deliver titanium and superalloy precision investment castings for a range of global aerospace programmes, including critical aero-engine components, the company declared on Friday, December 5.
Calling the long-term agreement a “defining milestone for PTC and Aerolloy,” Sachin Agarwal, chairman and managing director of PTC Industries, said, “It validates our strategy of building a world-class, end-to-end manufacturing ecosystem for advanced titanium and superalloy components and strengthens India’s position in the global aerospace supply chain.”
The company said under the agreement, Aerolloy will manufacture high-integrity titanium and superalloy castings through a fully integrated production route at its Strategic Manufacturing Technology Centre in Uttar Pradesh.
The pact gives Aerolloy dedicated production capacity and multi-year revenue visibility, it added.
The vertically integrated setup covers the entire chain from titanium and superalloy material production and alloy melting to processing and finished investment castings. Thus, offering Honeywell complete traceability, tighter quality control and improved supply chain resilience, PTC explained.
The deal underscores India’s readiness to supply complex, high-value components to global OEMs and bolsters Aerolloy’s credentials for next-generation aerospace platforms.
The company announced that it is investing heavily in an integrated titanium and superalloy complex within the UP Defence Industrial Corridor, including an aerospace-grade mill and a state-of-the-art precision casting facility—positioning it among the most advanced strategic materials ecosystems globally.
In October, PTC Industries secured a purchase order for post-cast operations from the Gas Turbine Research Establishment (GTRE), Defence Research and Development Organisation (DRDO), to manufacture single crystal ‘ready-to-fit’ turbine blades.
Following the announcement, the stock jumped nearly 4% to ₹18,900/share before easing. It was trading 2.63% higher at ₹18,741 around 12:40 pm. The stock has rallied more than 60% over the past year.
(Edited by : Asmita Pant)