PTC Industries’s arm Aerolloy Technologies Signs MoUs with Steel Ministry under PLI Scheme 1.2 for Titanium Alloys, Super Alloys

New Delhi: Aerolloy Technologies Limited, a wholly owned subsidiary of PTC Industries Limited (“PTC”) has signed two Memoranda of Understanding (MoUs) with the Ministry of Steel, Government of India, under the Production Linked Incentive (PLI) Scheme 1.2 for Specialty Steel, covering Titanium Alloys and Super Alloys.

The MoUs were signed at the official signing ceremony organised by the Ministry of Steel, in the presence of the Honourable Union Minister of Steel, marking with an effort to build domestic manufacturing capability for high-value, strategic material categories.

Titanium Alloys and Super Alloys fall under the “Steel Grades for Strategic Sector” category and attract among the highest incentive rates under the scheme, applicable on incremental annual sales for the duration of the PLI period.

Strategic Materials for National Capability

Titanium alloys and super alloys are foundational materials for aerospace, defence, space, and advanced energy applications, where performance, reliability, and metallurgical integrity are critical. Indigenous capability in these materials is essential for reducing import dependence, ensuring supply chain security, and supporting India’s long-term strategic and industrial objectives.

The PLI Scheme for Specialty Steel is a key Government of India initiative aimed at catalysing investment in advanced material categories, enabling the development of globally competitive manufacturing capacities, and strengthening domestic value chains for strategic sectors.

Aerolloy’s selection under PLI Scheme 1.2 reflects its unique positioning within India’s advanced materials ecosystem.

The PLI incentives under Scheme 1.2 are expected to provide meaningful financial benefits to Aerolloy

and PTC by:

1-Enhancing returns on the substantial capital investments made in advanced melting, forging, rolling, casting, and machining infrastructure,

2-Improving operating leverage and cost competitiveness as volumes scale,

3-Supporting long-term earnings visibility in high-entry-barrier strategic material segments, and

4-Accelerating capital efficiency across Aerolloy’s integrated manufacturing platform.

The signing of these MoUs under PLI Scheme 1.2 is a significant milestone for Aerolloy and PTC. Titanium alloys and super alloys are core to next-generation aerospace, defence, and space platforms, and sovereign capability in these materials is essential for India’s long-term strategic autonomy.