PTC Industries signs MoU with Odisha Govt to invest in field of aerospace-grade titanium sponge
With this initiative, PTC Industries and Aerolloy Technologies intend to place India in this elite group, securing an uninterrupted domestic supply of this strategic material.
PTC Industries signs MoU with Odisha Govt to invest in field of aerospace-grade titanium sponge
PTC Industries has signed a Memorandum of Understanding with the Government of Odisha to establish an aerospace-grade titanium sponge manufacturing facility in the state.
The company said in an exchange filing that the initiative will position PTC (and its subsidiary Aerolloy Technologies) as one of the very few companies in the world with an integrated titanium manufacturing value chain–spanning from the production of titanium sponge, titanium alloy ingots, forged billets, rolled bars, rods, sheets, plates, and precision castings.
Titanium sponge is the fundamental raw material required for manufacturing titanium alloys, indispensable in aerospace, defence, and advanced industrial sectors.
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At present, only a handful of countries, including the United States, Russia, Kazakhstan and Japan, can produce aerospace-grade Titanium Sponges. The company said this places India at a significant strategic disadvantage, creating a dependency on international suppliers for critical defence and aerospace applications.
With this initiative, PTC Industries and Aerolloy Technologies intend to place India in this elite group, securing an uninterrupted domestic supply of this strategic material.
With the establishment of a titanium sponge manufacturing capability, PTC Industries will move further towards its vision of parity and global leadership in the production of critical metals and components for aerospace, defence, and high-performance industrial applications, the company added.
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