Mukul Agrawal stock jumps 4% after signing agreement with Honeywell Aerospace

SYNOPSIS: PTC Industries’ subsidiary Aerolloy Technologies signed a long-term agreement with Honeywell Aerospace to supply Titanium and Superalloy castings, leveraging its fully integrated Uttar Pradesh facility and strengthening India’s position in high-value aerospace manufacturing.

During Friday’s trading session, shares of a leading manufacturer of high-precision castings and advanced materials for critical applications surged nearly 4 percent to a new 52-week high on stock exchanges, after signing an agreement with Honeywell Aerospace Technologies to supply castings for aerospace applications.

At 12:43 p.m., the shares of PTC Industries Limited were trading in the green at Rs. 18,771.15 on BSE, up by around 3 percent, as against its previous closing price of Rs. 18,256.25, with a market cap of Rs. 28,143 crores.

The stock has delivered positive returns of around 60 percent in one year, and has gained by more than 7 percent in the last one month.

What’s the News:

According to the latest regulatory filings with the stock exchanges, PTC Industries Limited, through its wholly owned subsidiary Aerolloy Technologies Limited (ATL), has entered into a long-term agreement with Honeywell Aerospace Technologies for the supply of Titanium and Superalloy precision investment castings. These castings will be used across a wide range of aerospace applications, including critical aerospace engine components.

Under the agreement, Aerolloy will manufacture high-integrity Titanium and Superalloy castings through a vertically integrated process chain. The process will span everything from the manufacturing of Titanium and Superalloy materials to alloy melting, material processing, and precision investment casting. All stages will be carried out within the company’s state-of-the-art Strategic Manufacturing Technology Centre in Uttar Pradesh.

This end-to-end vertical integration offers Honeywell significant advantages, including complete traceability and quality control, improved supply chain resilience, long-term reliability for key aerospace programs, and reduced supply chain risks.

For PTC Industries and Aerolloy, the partnership strengthens their positioning in next-generation aerospace platforms and provides meaningful multi-year revenue visibility.

Financials & More:

PTC Industries Ltd reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 74 percent, from Rs. 72 crores in Q2 FY25 to Rs. 125 crores in Q2 FY26.

Likewise, the company’s net profit increased during the same period, from Rs. 17 crores to Rs. 18 crores, reflecting a marginal rise of around 6 percent YoY. As per the September 2025 shareholding data available with the BSE, ace investor Mukul Mahavir Agrawal holds a 1.07 percent stake in the company.

PTC Industries Limited is a pioneering Indian manufacturer of high-precision metal components for critical and supercritical applications. Through its wholly owned subsidiary, Aerolloy Technologies Limited (ATL), PTC has become the first private Indian enterprise to manufacture titanium and superalloy castings for aerospace programmes, serving both domestic and international markets.

The company is making significant investments in a fully integrated Titanium and Superalloy manufacturing ecosystem within the Uttar Pradesh Defence Industrial Corridor. This includes the establishment of an advanced Titanium and Superalloy mill capable of producing aerospace-grade ingots, billets, bars, plates, and sheets, along with a state-of-the-art precision casting facility. 

Together, these developments position the complex as one of the most advanced end-to-end manufacturing hubs for strategic materials and high-performance components globally.

Written by Shivani Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Mukul Agrawal stock jumps 4% after signing agreement with Honeywell Aerospace appeared first on Trade Brains.