PTC Industries Limited, a leading manufacturer of high-performance materials and precision-engineered components for critical Defence and Aerospace applications, announced that it has signed a Memorandum of Understanding with Bharat Dynamics Limited to establish a Joint Venture Company dedicated to the design, development and manufacture of complete propulsion systems, guided bombs, and aero-engines for missiles, UAVs and loitering munitions, subject to requisite regulatory approvals.

Bharat Dynamics Limited (BDL) is a leading Indian public sector enterprise engaged in manufacturing guided missiles and underwater weapons for the Indian Armed Forces.

The MoU was exchanged at the Lokarpan Ceremony of PTC’s Titanium & Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC), Lucknow, in the presence of the Honourable Raksha Mantri, Shri Rajnath Singh Ji, and the Honourable Chief Minister of Uttar Pradesh, Shri Yogi Adityanath Ji.

This collaboration will propel the ‘Make in India’ initiative by reducing dependence on foreign suppliers and enhancing domestic propulsion manufacturing capabilities including liquid and solid rocket motors, ramjet and turbojet engines for UAVs and drones. It will also leverage PTC’s strengths in manufacturing of components for defence equipment and critical materials for missiles, munitions, turbo aero engines and subsystems for Defence and Aerospace platforms to create an integrated, India-based design-to-delivery pathway for strategic propulsion and engine technologies.

Mr. Sachin Agarwal, Chairman & Managing Director, PTC Industries Limited, said:

“This Joint Venture with Bharat Dynamics Limited is a decisive step towards building India’s capability in critical propulsion and engine technologies. By combining BDL’s proven systems pedigree with PTC’s materials, manufacturing and precision-engineering expertise, we will create an indigenous, future-ready ecosystem for missiles, UAVs and next-generation strategic platforms - fully aligned with the vision of Aatmanirbhar Bharat.”