PTC Industries has announced a groundbreaking partnership in the defence and aerospace sector to build a Green Field Defence Testing Facility in Lucknow. This initiative, undertaken under the DTIS scheme, aims to address the challenge of costly testing infrastructure by establishing a state-of-the-art facility in the Lucknow Node of the UP Defence Industrial Corridor.
The Government of Bharat will play a significant role in funding this project, covering 75 per cent of the total cost, while the remaining 25 per cent will be contributed by the Special Purpose Vehicle (SPV) members. The project is estimated to cost approximately Rs. 53 crores, with contributions from key industry players and the Uttar Pradesh Expressways Industrial Development Authority providing the necessary land.
Named the “Advanced Materials (Defence) Testing Foundation,” this collaborative effort involves prominent organizations such as Hindustan Aeronautics Limited, Bharat Dynamics Limited, Mishra Dhatu Nigam, Yantra India Limited, PTC Industries Limited, and the Uttar Pradesh Expressway Industrial Development Authority.
Sachin Agarwal, Chairman and Managing Director of PTC Industries, emphasized the significance of this state-of-the-art lab, which will be globally unique. It marks a crucial milestone in enhancing testing capabilities for advanced materials like Titanium and Super Alloys, ensuring adherence to stringent defence standards.
Agarwal highlighted that this collaboration strengthens manufacturing capabilities and supports the defence manufacturing ecosystem in Uttar Pradesh and across Bharat.
The establishment of this facility, through joint initiatives of leading defence organizations, is expected to be a significant catalyst for the Bharatiya defence ecosystem. It will create cutting-edge testing capabilities for advanced materials within the nation, contributing to the integrity and reliability of materials crucial for defence applications.
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This Defence Materials testing facility will play a crucial role in substantiating the integrity and reliability of advanced materials, ensuring superior quality and compliance with stringent defence standards for Titanium and Super Alloys. This development aligns with Bharat’s strategic goals of enhancing indigenous defence manufacturing capabilities and reducing dependency on imports.
The market response to PTC Industries’ announcement has been remarkable, with the company’s shares surging more than 106 per cent in the last six months. On Monday, following the news of the partnership, the shares experienced a further increase of over 2 per cent, closing at Rs 11,180. This positive market response underscores the confidence investors have in the company’s strategic initiatives and its role in bolstering Bharat’s defence manufacturing sector.
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