PTC surges 10% as arm signs long-term supply pact with Dassault Aviation
Shares of PTC Industries (PTC) rallied 10 per cent to hit a fresh high of Rs 7,663.25 on the BSE in Wednesday’s trade after its subsidiary signed a pact with France-based Dassault Aviation to supply the latter with titanium cast parts for the Rafale Multirole fighter aircraft.
The purchase agreement signed between Aerolloy Technologies, wholly owned subsidiary of PTC, and the French military aircraft giant is a ‘multi-year’ pact.
From 2024 onwards, Aerolloy will produce the full range of Titanium castings parts for the Rafale multirole fighter aircraft and the Falcon business jet program.
