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What is the story about?
PTC Industries Limited has received an order from the Vikram Sarabhai Space Centre (VSSC), a key centre of the Indian Space Research Organisation (ISRO), for the supply of aerospace-grade titanium alloy ingots, the company announced on Wednesday, January 7.
In a regulatory filing, the company said the order involves the conversion of 40 tonnes of Grade 1 titanium sponge into Ti-6Al-4V titanium alloy ingots, using the Double Vacuum Arc Remelting (Double VAR) process. The contract is to be executed over a one-year period.
Highlighting the technical importance of the order, PTC Industries said the Double VAR process is essential for producing space- and aerospace-grade titanium alloys. The process ensures high chemical uniformity, superior metallurgical cleanliness and stronger mechanical performance, all of which are critical for mission-critical applications.
The company added that the use of Grade 1 titanium sponge as the starting material helps maintain very low interstitial content, a key requirement for space-grade alloys.
While the financial value of the order has not been disclosed due to confidentiality clauses applicable to Department of Space contracts, the company said the order is reasonably significant and is expected to have a positive impact on revenue.
The Lucknow-based company described the order as a strong endorsement of its metallurgical capabilities and process control standards, adding that it supports India’s indigenous space and aerospace programmes and aligns with the government’s Aatmanirbhar Bharat push to reduce import dependence in strategic materials.
The company reported a net profit of ₹191 crore for Q2FY26 , down 11.8% year-on-year from ₹216.6 crore in the same period last year. Revenue from operations rose 11.7% YoY to ₹5,458 crore andEBITDA increased 17.7% YoY to ₹274.6 crore, with margins expanding slightly to 5% from 4.7% a year ago.
Shares of PTC Industries Ltd. were trading 1.68% down at ₹17,580 as of 1.59 pm on Wednesday. The stock has fallen 7.05% in the last one month.
In a regulatory filing, the company said the order involves the conversion of 40 tonnes of Grade 1 titanium sponge into Ti-6Al-4V titanium alloy ingots, using the Double Vacuum Arc Remelting (Double VAR) process. The contract is to be executed over a one-year period.
Highlighting the technical importance of the order, PTC Industries said the Double VAR process is essential for producing space- and aerospace-grade titanium alloys. The process ensures high chemical uniformity, superior metallurgical cleanliness and stronger mechanical performance, all of which are critical for mission-critical applications.
The company added that the use of Grade 1 titanium sponge as the starting material helps maintain very low interstitial content, a key requirement for space-grade alloys.
While the financial value of the order has not been disclosed due to confidentiality clauses applicable to Department of Space contracts, the company said the order is reasonably significant and is expected to have a positive impact on revenue.
The Lucknow-based company described the order as a strong endorsement of its metallurgical capabilities and process control standards, adding that it supports India’s indigenous space and aerospace programmes and aligns with the government’s Aatmanirbhar Bharat push to reduce import dependence in strategic materials.
The company reported a net profit of ₹191 crore for Q2FY26 , down 11.8% year-on-year from ₹216.6 crore in the same period last year. Revenue from operations rose 11.7% YoY to ₹5,458 crore andEBITDA increased 17.7% YoY to ₹274.6 crore, with margins expanding slightly to 5% from 4.7% a year ago.
Shares of PTC Industries Ltd. were trading 1.68% down at ₹17,580 as of 1.59 pm on Wednesday. The stock has fallen 7.05% in the last one month.
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