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PTC Industries Ltd. on Thursday, September 18, said its wholly-owned subsidiary Aerolloy Technologies Ltd. announced the successful installation and commissioning of its state-of-the-art vacuum arc remelting (VAR) 400 furnace.
The commissioning has happened at the Aerospace Precision Castings Plant within the Strategic Materials Technology Complex (SMTC) in Lucknow Node of the UP Defence Industrial Corridor, the company said.
With the commissioning, Aerolloy now has the capability to manufacture some of the largest titanium castings in the world, PTC Industries said.
"Following the recent commissioning of our large vacuum induction melting (VIM) furnace for superalloy castings, Aerolloy has become one of the two companies in the world with the ability to manufacture large investment castings in both Titanium alloys and superalloys," Sachin Agarwal, chairman and managing director of PTC Industries, said.
He said the castings are vital for components such as fan hub frames and intermediate castings in titanium alloys and turbine rear frames in superalloys, which are indispensable in aeroengines and industrial gas turbines.
"Beyond aeroengines, large Titanium castings are used extensively in aircraft, submarines, ultra-light artillery systems like the M777 ULH, strategic defence systems, and space applications," Agarwal said.
Shares of PTC Industries were down 1.3% at ₹15,270 apiece around 1.40 pm on Thursday. The stock has gained 11.4% in the past month.
Also Read: Poonawalla Fincorp share price surges 12% as promoter stake increases after ₹1,500 crore fund infusion
The commissioning has happened at the Aerospace Precision Castings Plant within the Strategic Materials Technology Complex (SMTC) in Lucknow Node of the UP Defence Industrial Corridor, the company said.
With the commissioning, Aerolloy now has the capability to manufacture some of the largest titanium castings in the world, PTC Industries said.
"Following the recent commissioning of our large vacuum induction melting (VIM) furnace for superalloy castings, Aerolloy has become one of the two companies in the world with the ability to manufacture large investment castings in both Titanium alloys and superalloys," Sachin Agarwal, chairman and managing director of PTC Industries, said.
He said the castings are vital for components such as fan hub frames and intermediate castings in titanium alloys and turbine rear frames in superalloys, which are indispensable in aeroengines and industrial gas turbines.
"Beyond aeroengines, large Titanium castings are used extensively in aircraft, submarines, ultra-light artillery systems like the M777 ULH, strategic defence systems, and space applications," Agarwal said.
Shares of PTC Industries were down 1.3% at ₹15,270 apiece around 1.40 pm on Thursday. The stock has gained 11.4% in the past month.
Also Read: Poonawalla Fincorp share price surges 12% as promoter stake increases after ₹1,500 crore fund infusion
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