Key Event

Aerolloy Technologies Limited, a wholly owned subsidiary of PTC Industries Limited, has received a development order from Safran Aircraft Engines for critical Titanium cast part numbers. The order is for fully machined, ready-to-fit supply for the LEAP engine programme.

Contract Details

  • Awarding Entity: Safran Aircraft Engines (international entity)
  • Nature of Contract: Development of critical Titanium cast parts, precision machining, and supply in ready-to-fit condition for commercial aircraft engines
  • Geographic Scope: International entity
  • Time Period: Long Term Agreement
  • Consideration Size: Not disclosed due to strategic and confidentiality considerations
  • Related Party Transaction: No involvement of Promoter/Promoter Group/Group Companies in the entity awarding the order

Strategic Framework

Aerolloy Technologies and Safran Aircraft Engines have signed a Memorandum of Understanding establishing the commercial framework for these components. Upon successful completion of development and qualification, the programme is expected to transition into long-term serial production.

Programme Significance

This represents the second set of orders received by Aerolloy Technologies from Safran Aircraft Engines for titanium castings under the LEAP engine programme, further strengthening and expanding the scope of their ongoing relationship. The LEAP engine powers the Airbus A320neo, Boeing 737 MAX and COMAC C919 aircraft families.

Manufacturing Approach

The components will be manufactured through PTC ONE™ - from Melt to Mission™, the Group's integrated manufacturing system. This involves Titanium material capability, precision investment casting, HIP, vacuum heat treatment, special processes, precision machining, assembly and inspection under one manufacturing organization.

Management Commentary

Mr. Sachin Agarwal, Chairman & Managing Director, PTC Industries Limited, stated: "We are grateful to Safran Aircraft Engines for the trust placed in Aerolloy Technologies and PTC Industries through this important programme. Being selected for critical Titanium components for the LEAP engine is a strong validation of the integrated aerospace manufacturing capability that we have been building over several years."

Financial Impact

Financial impact not quantified in the disclosure due to strategic and confidentiality considerations.