Nasmyth brings together in a single effective team the collective expertise, resources, and technology of the customer-orientated, precision engineering businesses. These provide the basis for four global capabilities viz. machining of hard and soft metals, systems and defence manufacturing and assembly, fabrication and welding and metal treatments. Nasmyth Asia’s new manufacturing facility in Bangalore, offers turnkey manufacturing and engineering solutions.
PTC has a manufacturing campus in Lucknow and is one of the world’s leading suppliers of high-precision metal components for critical and super-critical operations across the aerospace and defence industries. PTC is currently participating in various programmes requiring components, sub-assemblies and assemblies for various defence land, sea and air platforms and is also working on a number of major projects for the Indian Government and for a growing number of global OEMs.
The memorandum of understanding (MoU) will see Nasmyth and PTC work together in support of the ‘Make in India’ Atmanirbhar Bharat programme. This cooperation will help PTC expand its capabilities to better support Indian customer requirements and successfully execute those projects. The partnership will focus on developing casting, machining, assembly, and thermal precision engineering capabilities in India.
The collaboration will help to increase capacity in the market, signal a move towards vertically integrated supply chain solutions in India and in turn provide global solutions to OEMs looking for suppliers to de-risk their current supply chains while providing capacity growth opportunities.
Sachin Agarwal, managing director of PTC Industries, added: “We are delighted to expand our collaboration with Nasmyth as we work together across numerous defence and aerospace projects in India and globally, especially for aero-engine and gas turbine engine applications.”
PTC Industries manufactures high-quality high-precision metal components for various critical and super-critical applications.
The company's consolidated net profit increased 6.5% to Rs 8.14 crore on 6.4% rise in net sales to Rs 57.51 crore in Q2 FY24 over Q2 FY23.