PTC Industries to spend ₹300 crore on capacity expansion; sees strong debut on NSE.

PTC Industries Ltd. plans to spend ₹300 crore on capacity expansion over the next two-three years as it aims to get as much as two-thirds of its revenues from the local defence aerospace business over the medium term, chairman and managing director Sachin Agarwal said.

The Lucknow-based company manufactures engineering components for critical and super-critical applications, and has already invested about ₹300-₹350 crore on building capabilities, including technology, over the last five-six years.

ET