Corporate News     10-Jun-24
PTC Industries partners with leading defence organizations under the DTIS
To set up the Advanced Materials (Defence) Testing Foundation in the Lucknow Node under UPDIC
PTC Industries announced its partnership with leading entities under DTIS scheme in the Indian Defence and Aerospace sector to advance the 'Make in India' initiative.

To overcome the challenge of expensive, state-of-the-art testing infrastructure, a Green Field Defence Testing Facility is being established in the Lucknow Node of the UP Defence Industrial Corridor under the DTIS scheme. This facility, named “Advanced Materials (Defence) Testing Foundation” is a collaborative effort among key industry players including Hindustan Aeronautics, Bharat Dynamics, Mishra Dhatu Nigam, Yantra India, PTC Industries and Uttar Pradesh Expressways Industrial Development Authority, with the land being provided by the Uttar Pradesh Expressway Industrial Development Authority. The Government of India will fund 75% of the project cost, with the remaining 25% funded by the SPV members, totalling an approximate cost of Rs. 53 crore.

The establishment of this facility, through joint initiatives of these leading defence organizations, will be a significant catalyst for the Indian defence ecosystem, creating state-of-the-art testing capabilities for advanced materials within the country. This is an important step forward for PTC Industries which is already setting up advanced materials manufacturing capabilities in the country with the building of its Strategic Materials Technology Complex in Lucknow. This Defence Materials testing facility will help to further substantiate the integrity and reliability of advanced materials being manufactured by PTC, ensuring superior quality and compliance with stringent defence standards for Titanium and Super Alloys.

Previous News
  PTC Industries consolidated net profit rises 291.67% in the June 2023 quarter
 ( Results - Announcements 14-Aug-23   07:36 )
  PTC Industries standalone net profit declines 17.84% in the September 2014 quarter
 ( Results - Announcements 11-Nov-14   10:03 )
  PTC Industries standalone net profit rises 188.51% in the March 2018 quarter
 ( Results - Announcements 11-Jun-18   16:56 )
  PTC Industries to convene board meeting
 ( Corporate News - 06-Feb-19   11:28 )
  PTC Industries to discuss results
 ( Corporate News - 04-Feb-23   15:03 )
  PTC Industries to table results
 ( Corporate News - 03-Jul-21   10:08 )
  PTC Industries to announce Quarterly Result
 ( Corporate News - 20-Jan-21   16:48 )
  Board of PTC Industries approves preferential issue of shares up to Rs 45 cr
 ( Corporate News - 09-Jun-23   09:04 )
  PTC Industries allots 1.80 lakh equity shares on preferential basis
 ( Corporate News - 20-Jul-23   10:23 )
  PTC Industries consolidated net profit rises 60.00% in the March 2024 quarter
 ( Results - Announcements 29-May-24   07:40 )
  PTC Industries starts commercial production at AMTC project in Lucknow
 ( Corporate News - 04-Dec-17   08:38 )
Other Stories
  GRP schedules AGM
  01-Jul-24   20:01
  Mahindra & Mahindra domestic PV sales jump 23% in June
  01-Jul-24   20:01
  Vipul Organics constructs new factory in Ambernath, Maharashtra
  01-Jul-24   20:00
  Greaves Engineering launches range of new CPCB IV+ Compliant Gensets
  01-Jul-24   19:41
  Godrej Properties to develop 7-acre land in Thanisandra, North Bengaluru
  01-Jul-24   19:39
  Rama Phosphates AGM scheduled
  01-Jul-24   19:34
  Take Solutions to convene AGM
  01-Jul-24   19:34
  Fischer Medical Ventures partners with Singapore-based Nervotec
  01-Jul-24   19:29
  NIIT appoints Pankaj Jathar as Chief Executive Officer
  01-Jul-24   19:27
  Dynacons Systems recognized as India's Leading Listed ESG Entities 2024
  01-Jul-24   19:26
Back Top