Lucknow: PTC Industries Limited, a company manufacturing specialised metal components for defence, aerospace and other industries, has raised Rs 1,800 crore from Indian and international investors to expand its manufacturing capabilities and fund future growth.The Lucknow-based company announced on Tuesday that it had raised the money through a qualified institutions placement, a process through which listed companies sell shares to large institutional investors to raise funds.The company issued 8.54 lakh shares at Rs 21,060 each. Investor demand was more than five times the shares offered, indicating strong interest from domestic and foreign institutions.Among the major investors, Fidelity Investments contributed nearly Rs 850 crore, followed by Capital Group with Rs 355 crore and Fidelity International with Rs 150 crore. HDFC Mutual Fund, Tata AIA Life Insurance and other financial institutions also participated.The company said the funds would support expansion of existing facilities, development of new manufacturing projects, technological upgrades and possible acquisitions.PTC is expanding its advanced manufacturing facilities at the Lucknow node of the Uttar Pradesh Defence Industrial Corridor. Its subsidiary, Aerolloy Technologies, manufactures specialised titanium and high-performance metal products used in aircraft, defence equipment and other critical applications.PTC chairman and managing director Sachin Agarwal said the strong response from global investors reflected confidence in the company’s manufacturing capabilities and future growth plans.The company also operates through Trac Precision Solutions in the United Kingdom, strengthening its international manufacturing presence.
