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Aerolloy Technologies Ltd, a wholly owned subsidiary of PTC Industries Ltd has signed a landmark agreement with Airbus for the development, production
and supply of Titanium castings for the A320neo, A330neo and A350 aircraft programmes.
The agreement follows Airbus’ evaluation process, under which Aerolloy has been selected to undertake development and industrialisation activities for Titanium casting requirements across these programmes. The scope includes development, qualification and production activities, with qualification forming an important milestone towards serial supply.
Under this agreement, Aerolloy will manufacture Titanium castings through its integrated route — beginning with Titanium material produced by Aerolloy and continuing through precision casting, machining, inspection and delivery in a fully machined, ready-to-fit condition.
At 11.30 am, PTC Industries was trading at Rs. 18,501, up by 2.05%, with a volume of 774 shares on the BSE.
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