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PTC Industries commissions VAR furnace, expects growth

Friday, 21 Feb 2025
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PTC Industries has successfully launched its vacuum arc remelting (VAR) furnace, with earnings contributions expected from FY26.

The new facility will focus on titanium alloys, covering the entire production chain. The company has an existing order backlog and is receiving new bookings.

Additionally, PTC is advancing a mega project in the Uttar Pradesh defence corridor, set for completion next year. Meanwhile, negotiations continue on an MoU with Odisha for titanium sponge production. 

With new facilities and acquisitions, PTC anticipates a CAGR growth of 50-60 percent over the next three years.

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