Smallcap stock locked at 10% upper circuit to hit 52-week high on signing supply deal with France's Dassault Aviation

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PTC Industries Share Price: Shares of PTC Industries were locked at over 11 per cent upper circuit to hit its fresh 52-week high mark of ₹7,663.25 apiece on the BSE after its subsidiary signed a new supply deal with France-based Dassault Aviation on Wednesday, January 17. The company's wholly-owned subsidiary Aerolloy Technologies signed a long term purchase agreement with Dassault Aviation for supply of full range of titanium cast parts made in India for the Rafale multirole fighter aircraft.

Aerolloy Technologies manufactures strategic and critical materials and high-integrity metal components, for critical and super-critical applications in aerospace. Also Read: Nifty 50, Sensex suffer biggest single-day loss since June 2022; investors lose nearly ₹5 lakh crore "Aerolloy Technologies is poised to contribute significantly to the enduring success of Make in India – Make for the World.

As the only India-based manufacturer of critical titanium cast parts, we are eager to leverage our capabilities to support the growing requirements of the various aircraft in Dassault Aviation’s portfolio,'' said Sachin Agarwal, Chairman and Managing Director of PTC Industries. As part of the multi-year agreement signed with the leading French company, Aerolloy will produce the full range of Titanium castings parts for the Rafale multirole fighter aircraft and the Falcon business jet program from 2024 onwards.

Dassault Aviation is a French global leader in military aircraft, business jets and space systems. Signing the purchase agreement, Bruno Coiffier, Senior Executive Vice President Purchasing, Dassault Aviation said: “This strategic collaboration salutes the expertise of Aerolloy Technologies joining Dassault Aviation’s worldwide