AEROLLOY TECHNOLOGIES
UP defence corridor attracts Rs 25,000 crore in deals through 154 MoUs, propels industrial growth
Uttar Pradesh has signed more than 150 defence manufacturing deals worth ₹25,000 crore, focusing on boosting India's defence production and exports. The projects, part of the UP Defence Industrial Corridor, will create 40,000 jobs across six districts. With notable companies like Adani Defence and BrahMos Aerospace involved, the initiative aims to propel the state's industrial value chain and support India's self-reliance in defence. Significant milestones include the delivery of AK-203 rifles and the development of a BrahMos missile plant.
Smallcap defence stock zooms 13% after Mukul Agrawal picks 1% stake
Mukul Agrawal has bought stakes in 3 companies, besides PTC, in the March quarter. He now has a stake of 1.8% and 1.7% in Dredging Corporation of India and West Coast Paper Mills, respectively.
Up 174% in 1 year! Ashish Kacholia picks up stake in this smallcap multibagger stock
PTC Industries allotted 2.35 lakh equity shares at Rs 6,000 apiece, under which Kacholia bought 1 lakh shares. Other investors who were allotted the shares include Himalaya Finance and Investment, Naresh Saraaf, Blue Square, Fair and Faith Consultants.
Sensex ends 99 pts higher led by FMCG stocks; Nifty tops 18,300
Market breadth was inclined in favour of the bulls. About 1,877 stocks gained, 1,616 declined, and 118 remained unchanged on the BSE.
PTC Industries shares jump over 8% after subsidiary gets IAI approval for components
India's Aerolloy Technologies, a subsidiary of PTC Industries, has been selected by Israel Aerospace Industries (IAI) to supply cast components for aerospace applications. It represents the first time IAI has sourced such components from India. PTC Industries Chairman and Managing Director Sachin Agarwal said the move demonstrated the company's technological capabilities, and added that opportunities had arisen to export to the defence and aerospace sectors. Aerolloy Technologies makes materials for critical and super-critical applications in aerospace.
Stocks in news: BEL, IRCTC, Hindustan Zinc, Cyient, Lupin, SBI
Bharat Electronics Ltd (BEL) has signed an MoU with Aeronautical Development Agency (ADA), DRDO, for the Advanced Medium Combat Aircraft (AMCA) programme. The MoU was announced on the sidelines of the “Bandhan” event held at Aero India 2023.
- Go To Page 1
At political centrestage in UP: Defence corridor has taken off but law & order key
Both are part of the ambitious Uttar Pradesh defence corridor that finds itself at the political centrestage with the BJP projecting it as an example of the state's turnaround from an industry hostile image and the Samajwadi Party questioning its very existence.
Load More
