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Under the terms of the contract, PTC Industries will produce titanium casting parts for Safran Aircraft Engines. Safran Aircraft Engines’ ambition is to develop a comprehensive aero engines ecosystem in India, strengthening its global supply-chain built for the LEAP production ramp-up.
The first titanium casting parts for LEAP engines are scheduled to be delivered early in 2024 for the LEAP engine powering single-aisle jet.
Sachin Agarwal, chairman & MD, PTC Industries, said, “We are delighted to develop a new cooperation with one of the world-leading aircraft engine manufacturer. Through this partnership, we are looking forward to leveraging our expertise in casting process to support the ambitious production challenges of the LEAP program.”
PTC Industries manufactures high-quality high-precision metal components for various critical and super-critical applications.
The company's consolidated net profit increased 6.5% to Rs 8.14 crore on 6.4% rise in net sales to Rs 57.51 crore in Q2 FY24 over Q2 FY23.
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