PTCIL

Jan 30 (Reuters) - PTC Industries Ltd PCIN.NS:

• PTC INDUSTRIES - SIGNS MOU WITH GOVERNMENT OF ODISHA

• PTC INDUSTRIES - MOU TO INVEST IN TITANIUM SPONGE MANUFACTURING FACILITY

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Jan 1 (Reuters) - PTC Industries Ltd PCIN.NS:

• PTC INDUSTRIES LTD - UNIT AEROLLOY TECHNOLOGIES COMMISSIONS PRIVATE VAR FURNACE

• PTC INDUSTRIES LTD - VAR FURNACE HAS ANNUAL MELTING CAPACITY OF 1,500 MT

Source text: ID:nBSE7QcLn6

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** Shares of PTC Industries PCIN.NS rise 2.5% to 11,337.6 rupees, eyes best day since Sept. 30

** The metal components maker said consol net profit surged over two-fold to 173 mln rupees ($2.05 million); rev from ops up ~26% Y/Y

** Co aided by strong order wins throughout the quarter

** Stock up ~89% so far this year

($1 = 84.3900 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Sept 27 (Reuters) - PTC Industries Ltd PCIN.NS:

• RECEIVES MAJOR PRODUCTION ORDER FROM BAE SYSTEMS

• GOT ORDER FROM BAE SYSTEMS FOR TITANIUM CASTINGS FOR M777 ULTRA-LIGHTWEIGHT HOWITZER

Source text for Eikon: ID:nBSE7nCvKH

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July 10 (Reuters) - PTC Industries Ltd PCIN.NS:

• TO CONSIDER PROPOSAL FOR RAISING OF FUNDS

Source text for Eikon: ID:nBSEbVYwN4

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** Shares of PTC Industries Ltd PCIN.NS rise as much as 5.5% to a record high of 11,750 rupees

** Defence-linked stocks have risen sharply over the last few sessions, with a third term for PM Narendra Modi's government easing investor worries on policy continuity

** Modi's govt has focused on boosting local defence manufacturing capacity in the last few years

** Including session's gains, stock up 41% over last 5 sessions after falling ~17% on June 4 when narrower lead for Modi and allies in election results rattled investors

** PCIN said on Monday it is joining a group of companies, including state-owned HIAE and BARA in setting up defence testing facility

** Co and other defence peers to fund 25% of project cost totalling 530 mln rupees (~$6.4 mln); India govt to fund remaining 75%

** PCIN stock up ~94% so far this year, outperforming HIAE's 73.5% rise and BARA's 66% jump

($1 = 83.5075 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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June 10 (Reuters) - PTC Industries Ltd PCIN.NS:

• PTC INDUSTRIES LTD - CO JOINS SPV AS PART OF GOVERNMENT'S 'MAKE IN INDIA' DRIVE FOR DEFENCE AND AEROSPACE SECTOR ENHANCEMENT

• PTC INDUSTRIES LTD - GOVERNMENT OF INDIA WILL FUND 75% OF PROJECT COST

• PTC INDUSTRIES LTD - REMAINING 25% TO BE FUNDED BY SPV MEMBERS, TOTALLING APPROXIMATE COST OF 530 MILLION RUPEES

• PTC INDUSTRIES LTD - GREEN FIELD DEFENCE TESTING FACILITY BEING ESTABLISHED IN LUCKNOW UNDER DTIS SCHEME

Source text for Eikon: ID:nBSE2wSYvR

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** Shares of precision metal components maker PTC Industries PCIN.NS up as much as 10% to hit record high of 7,682.55 rupees

** PCIN's unit Aerolloy Technologies signs multi-year agreement with France's Dassault Aviation AM.PA to supply titanium casting parts made in India

** Co says from this year onwards, unit will make full range of titanium castings parts for the Rafale multirole fighter aircraft and the Falcon business jet program

** Stock set to advance for third straight session, if gains hold

** More than 20,900 shares trade, 1.6x 30-day avg volume

** PCIN trims some gains to trade nearly 4% higher; up 21.3% YTD

(Reporting by Rama Venkat in Bengaluru)

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Jan 3 (Reuters) - PTC Industries Ltd PCIN.NS:

• PTC INDUSTRIES LTD - APPROVED PREFERENTIAL ISSUE OF SHARES

• PTC INDUSTRIES LTD - APPROVED PREFERENTIAL ISSUE OF SHARES WORTH UP TO 1.41 BILLION RUPEES

• PTC INDUSTRIES LTD - APPROVED PREFERENTIAL ISSUE AT ISSUE PRICE OF 6000 RUPEES

Source text for Eikon: ID:nBSE2P00bG

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Dec 27 (Reuters) - PTC Industries Ltd PCIN.NS:

• PTC INDUSTRIES LTD - CO, NASMYTH (UK) SIGN MOU

• PTC INDUSTRIES LTD - MOU TO VERTICALLY INTEGRATE SUPPLY CHAIN SOLUTIONS FROM INDIA AND PROVIDE GLOBAL SOLUTIONS TO OEMS

Source text for Eikon: ID:nNSE4vWrt6

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** Shares of high precision metal castings maker PTC Industries Ltd PCIN.NS rise 5% to 5,178.60 rupees

** Co late on Monday said it signed a multi-year contract with Safran Aircraft Engines to provide casting parts for the LEAP engine powering single-aisle jets

** Under terms of the contract, co will produce titanium-casting parts for Safran

** More than 8,000 shares traded as of 10:25 a.m. IST, 2x their 30-day moving avg

** PCIN up ~67% since listing in June

(Reporting by Meenakshi Maidas)

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Nov 13 (Reuters) - PTC Industries Ltd PCIN.NS:

• SAFRAN, PTC INDUSTRIES SIGN CONTRACT TO PROVIDE CASTING PARTS FOR LEAP ENGINE POWERING SINGLE-AISLE JET

Source text for Eikon: ID:nBSE4J6SWm

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Aug 14 (Reuters) - PTC Industries Ltd PCIN.NS:

• PTC INDUSTRIES LTD - UPDATE REGARDING ONGOING CAPITAL INVESTMENT PROJECT BY AEROLLOY TECHNOLOGIES

• PTC INDUSTRIES LTD - ACQUIRED VACUUM ARC REMELTER (VAR) FOR MANUFACTURE OF TITANIUM INGOTS WITH AN ANNUAL MELTING CAPACITY OF 1,500 TONNES

• PTC INDUSTRIES LTD - ACQUIRED ELECTRON BEAM COLD HEARTH REMELTING FURNACE WITH AN ANNUAL MELTING CAPACITY OF 5,000 TONNES

• PTC INDUSTRIES LTD - ACQUIRED PLASMA ARC MELTING FURNACE FOR MANUFACTURE OF EXOTIC TITANIUM ALLOYS

• PTC INDUSTRIES LTD - ACQUIRED VACUUM INDUCTION MELTING FURNACE FOR NICKEL AND COBALT BASED SUPERALLOY INGOTS

Source text for Eikon: ID:nBSE11HNKh

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By Allison Lampert and Aditi Shah

PARIS/DELHI, June 28 (Reuters) - Indian aerospace suppliers see record jet orders by the country's top two carriers boosting domestic parts manufacturing and aircraft repairs, but argue the government must do more to support production.

Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace.

Now, small and medium suppliers want to capitalize on that to drive more sales of locally sourced parts, they told Reuters on the sidelines of the Paris Airshow last week.

"Today we are going to be the largest purchaser of planes in the world," said Shekhar Sardessai, managing director at Kineco Group, a supplier in the western state of Goa, referring to India.

"We deserve a piece of that pie," added Sardessai, whose company makes engine and plane interior parts.

While French engine maker Safran SAF.PA has plans for an engine repair and overhaul facility in India, about 90% of the country's aircraft maintenance and repair activity occurs outside its borders, according to consultancy Deloitte.

The Indian repair and overhaul industry is expected to grow to $4 billion by 2031, up from $1.7 billion in 2021, Deloitte said.

India's civil aviation ministry expects the orders to boost aerospace manufacturing in the country, but it cannot mandate local production since the orders do not have requirements for local production like defense deals, a senior government official told Reuters.

Deloitte India partner Alaric Diniz expects parts of the commercial aviation supply chain to move to India as plane and engine makers look to avoid disruptions seen in recent years. While he could not estimate how much small suppliers will benefit, any subsidy or incentive could be helpful.

AEROSPACE INCENTIVES

Some suppliers like Sardessai and Aravind Melligeri, CEO of aerospace-parts producer Aequs, said India should create a production-linked incentive scheme for aerospace as it has done with other sectors.

In 2020, Indian Prime Minister Narendra Modi's government launched a program to encourage companies in 14 sectors including autos to manufacture locally by earmarking 1.97 trillion rupees ($24 billion) in incentives.

It has drawn investment from the likes of Foxconn 2317.TW, which supplies to iPhone maker Apple AAPL.O, and automakers including Japan's Suzuki Motor 7269.T and South Korea's Hyundai Motor 005380.KS have committed to put in money.

Even without incentives, India's growing fleet of aircraft will require more maintenance services.

"If you will have that many planes in India who repairs them?" said Sachin Agarwal, chairman of PTC Industries PCIN.NS, based in the state of Uttar Pradesh. "Every supplier wants to be closer to the customer."

PTC is already taking advantage of global supply-chain demand for alternate sources to Russian-made titanium and Chinese production.

It expects to increase production from 1,500 metric tons of titanium alloy at the end of 2023 to 6,500 metric tons in 2025. PTC is separately expanding capacity of titanium and superalloy castings tenfold by 2025.

"The objective is to set up the capability in India which was missing," Agarwal said.

Since Safran's 2022 announcement, Sardessai has seen an increase in supply enquiries.

The fact that more engines are going to be sold in India drives up the volume of repairs and maintenance which can benefit the local supply chain, said Ankit Patel, director of Ankit Fasteners, which supplies screws and bolts to General Electric GE.N, Airbus AIR.PA and Boeing BA.N from Bengaluru in southern India.

Patel said French suppliers now want to partner with him to gain access to India, a reversal from the years he pursued inroads in Europe.

Melligeri of Aequs wants to be sure demand for Indian-made parts and components will persist once of the buzz of the Paris Airshow fades, after companies like his invest in new capacity.

"I don't want them to come and go," he said, referring to interest in India.

($1 = 81.9830 Indian rupees)

(Reporting by Allison Lampert in Paris and Aditi Shah in Delhi
Editing by Ben Klayman and Matthew Lewis)

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June 5 (Reuters) - PTC Industries Ltd PCIN.BO:

• TO CONSIDER A PROPOSAL FOR RAISING OF FUNDS

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May 25 (Reuters) - PTC Industries Ltd PCIN.BO:

• UNIT AEROLLOY TECHNOLOGIES HAS BEEN APPROVED BY ISRAEL AEROSPACE INDUSTRIES

• APPROVED FOR SUPPLY OF CAST COMPONENTS FOR AEROSPACE APPLICATIONS

Source text for Eikon: ID:nBSE1wzxHk

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