PTC INDUSTRIES SIGNS MOU WITH BHARAT DYNAMICS FOR JOINT VENTURE

has signed a Memorandum of Understanding (MoU) with to establish a joint venture (JV) company. The JV will design, develop and manufacture complete propulsion systems, guided bombs, and aero-engines for missiles, UAVs and loitering munitions. By combining BDL's proven systems pedigree with PTC's materials, manufacturing and precision-engineering expertise, the company will create an indigenous, future-ready ecosystem for missiles, UAVs and next-generation strategic platforms - fully aligned with the vision of Atmanirbhar Bharat. PTC Industries touched a sales revenue of Rs 308 crore in FY25, and the company is looking to double it's revenue in FY26 to around Rs 750 crore, and grow tenfold to Rs 3,000–3,500 crore by FY30.