Lucknow-based PTC Industries Limited has signed a landmark agreement with Bharat Dynamics Limited (BDL) to create a joint venture (JV) focused on advanced propulsion systems for missiles, UAVs, and loitering munitions. This partnership underscores India’s ongoing push for self-reliance in defence manufacturing under the ‘Make in India’ initiative.
Strategic Alliance to Enhance Indigenous Defence Manufacturing
The memorandum of understanding (MoU) was formalized during the inauguration of PTC’s Titanium & Superalloys Materials Plant at its Strategic Materials Technology Complex (SMTC) in Lucknow. The event was graced by Defence Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath.
The JV is set to develop and manufacture propulsion systems, guided bombs, and aero-engines, including liquid and solid rocket motors, ramjet engines, and turbojet engines for UAVs and drones. By focusing on homegrown technologies, the collaboration aims to reduce India’s reliance on foreign suppliers while strengthening the domestic defence ecosystem.
PTC Industries’ Expansion and Vision for the Future
Sachin Agarwal, Chairman and Managing Director of PTC Industries, highlighted the strategic importance of the venture:
“This partnership with Bharat Dynamics Limited represents a decisive step toward building India’s capabilities in critical propulsion and engine technologies. By combining BDL’s proven systems expertise with PTC’s precision-engineering and materials capabilities, we are creating an indigenous, future-ready ecosystem for missiles, UAVs, and next-generation strategic platforms, fully aligned with the vision of Aatmanirbhar Bharat.”
The joint venture is expected to catalyse innovation in aerospace propulsion technologies and contribute significantly to India’s defence self-reliance, ensuring advanced systems are designed, developed, and manufactured domestically.
Summary:
PTC Industries and Bharat Dynamics Limited have launched a strategic joint venture to develop advanced missile and UAV propulsion systems in India. The collaboration aims to enhance indigenous capabilities, reduce dependence on foreign suppliers, and align with the ‘Make in India’ and Aatmanirbhar Bharat initiatives. The partnership combines PTC’s materials and precision-engineering expertise with BDL’s proven systems pedigree, creating a robust ecosystem for next-generation defence technologies.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.