PTC Industries Limited, a leading Indian manufacturer of high-precision metal components, through its wholly owned aerospace subsidiary Aerolloy Technologies Limited (ATL), has entered into a Memorandum of Understanding (MOU) with Safran Aircraft Engines, a global leader in the design, production, and maintenance of civil and military aircraft engines. The MOU was signed on June 24, 2025, at the Paris Le Bourget Air Show, marking a significant development for India’s defence and aerospace manufacturing ecosystem.

This partnership marks a strategic alignment with the Government of India’s “Make in India” policy, reflecting a joint commitment by both companies to bolster indigenous capabilities in military aircraft engine component manufacturing.

Details of the Strategic MOU

The collaboration between ATL and Safran aims to build a robust and resilient ecosystem for defence aerospace manufacturing in India. With the Indian defence sector growing at an accelerated pace, this initiative seeks to strengthen supply chains for critical military components, especially in areas involving advanced castings, superalloy structures, and titanium parts essential for aircraft engines.

ATL, which has already been supplying critical castings for Safran’s LEAP commercial engines, will now extend this relationship into military-grade manufacturing, combining engineering excellence, precision casting, and materials expertise to serve the evolving needs of the Indian Armed Forces.

Leadership Commentary on the Collaboration

Mr. Sachin Agarwal, Chairman and Managing Director of PTC Industries, highlighted the significance of the MOU:

“This collaboration marks a major milestone in our journey toward becoming a globally recognized manufacturer of advanced aerospace components. The extension of our partnership with Safran into the military space reinforces our commitment to Atmanirbhar Bharat and India’s national defence preparedness.”

Mr. Dominique Dupuy, Purchasing Sr. Vice President of Safran Aircraft Engines, and Mr. Pierre Dickeli, VP of Business Development & Strategy (India, Military Division), were also present during the signing, reflecting Safran’s long-term commitment to India and its confidence in PTC’s manufacturing capabilities.

Foundation Laid by Existing LEAP Engine Collaboration

The current MOU is an extension of the ongoing commercial relationship between ATL and Safran for the LEAP engine program, which powers aircraft like the Airbus A320neo and Boeing 737 MAX. The trust and technical validation gained over the years in the commercial aviation domain have created a strong base for this expanded military cooperation.

PTC’s Strategic Investment in Aerospace Capabilities

To support this growing demand and partnership, PTC Industries is investing heavily in expanding its aerospace footprint. The company is developing a multi-million-dollar integrated aerospace manufacturing facility in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor.

This 50-acre greenfield facility will include:

• Titanium and Superalloy Mill for manufacturing aerospace-grade ingots, billets, bars, plates, and sheets

• Full vertical integration enabling end-to-end in-house production of defence and aerospace components

• Advanced material science labs and AI-based process controls for quality assurance and compliance with global standards

This facility positions India as a global hub for complex aerospace castings and components, reducing dependence on imports and strengthening defence self-reliance.

Impact on India’s Defence Ecosystem

The ATL–Safran MOU has wide-ranging implications for India’s aerospace future:

• Builds a resilient domestic supply chain for critical military hardware

• Reduces strategic dependency on global OEMs for engine components

• Empowers the vision of “Aatmanirbhar Bharat” (self-reliant India)

• Offers potential for technology transfer, skill enhancement, and employment generation

Moreover, this collaboration ensures India stays ahead in the global aerospace and defence innovation race, particularly as geopolitical shifts increase the focus on indigenous military readiness.

About the Companies

PTC Industries Limited, with over 60 years of heritage, is one of India’s leading manufacturers of precision-engineered components used in defence, aerospace, oil & gas, and industrial sectors. Through its subsidiary Aerolloy Technologies Limited, it delivers cutting-edge solutions in titanium and superalloy castings, catering to both domestic and international aerospace clients.

Safran Aircraft Engines, part of the Safran Group, is a globally reputed OEM specializing in design, development, and support of civil and military aircraft engines. Safran is a long-term partner to India’s aviation programs and plays a vital role in localization and co-development of defence technologies.

Forward-Looking Statement

As with any strategic development, PTC Industries has included a disclaimer noting that forward-looking statements are subject to uncertainties, including geopolitical developments, regulatory conditions, supply chain risks, and market dynamics.

The company emphasized its commitment to updating stakeholders in line with regulatory disclosure requirements and to proactively communicating milestones as the MOU is executed.

Conclusion

The signing of the ATL–Safran MOU represents more than a business partnership—it is a strategic defence and national security investment, driven by innovation, technological advancement, and policy alignment.

As India emerges as a major global defence player, such collaborations will be key to ensuring technological sovereignty, economic growth, and export leadership in the aerospace sector.

The MOU not only reaffirms India’s capability to build world-class aerospace infrastructure but also signals PTC’s transformation into a cornerstone of the global defence supply chain.

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