India's PTC Industries jumps after landing contract for light tank component
23/07/2026 08:34
BUZZ-India's PTC Industries jumps after landing contract for light tank component ** Shares of PTC Industries PCIN.NS rise as much as 4.6% to 18,599 rupees
** Metal components maker won a order from the Defence Research & Development Organisation's unit to design and develop a titanium cradle for the Indian light weight tank
** Titanium cradle supports the tank's main gun and recoil system
** The project will be executed over 2.5 years; financial details were not disclosed
** The contract marks PCIN's first design-led defence programme
** More than 27,000 shares traded, 1.7x their 30-day avg
** YTD, PCIN down 1.25%
(Reporting by Urvi Dugar in Bengaluru)
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