Sign MoU - PTC Industries Ltd

Code BSE: 539006 NSE:

PTC Industries and Bharat Dynamics Limited sign MoU to establish a Joint Venture for manufacturing advanced propulsion systems and aero-engines for missiles and UAVs This collaboration will propel the ‘Make in India’ initiative by reducing dependence on foreign suppliers and enhancing domestic propulsion manufacturing capabilities including liquid and solid rocket motors, ramjet and turbojet engines for UAVs and drones. It will also leverage PTC’s strengths in manufacturing of components for defence equipment and critical materials for missiles, munitions, turbo aero engines and subsystems for Defence and Aerospace platforms to create an integrated, India-based design-to-delivery pathway for strategic propulsion and engine technologies.