PTC Industries and BDL Form JV for Missile and UAV Propulsion

23 Oct 2025 CW Team

PTC Industries, a leading manufacturer of high-performance materials and precision-engineered components for Defence and Aerospace, has signed a Memorandum of Understanding (MoU) with Bharat Dynamics (BDL) to establish a Joint Venture (JV) for the design, development, and manufacture of propulsion systems, aero-engines, guided bombs, and loitering munitions for missiles and UAVs, subject to regulatory approvals.

The MoU was exchanged during the Lokarpan Ceremony of PTC’s Titanium & Superalloys Materials Plant at the Strategic Materials Technology Complex (SMTC), Lucknow, in the presence of Raksha Mantri Rajnath Singh and Chief Minister of Uttar Pradesh Yogi Adityanath.

This collaboration will strengthen India’s indigenous defence capabilities under the ‘Make in India’ initiative, reducing dependence on foreign suppliers and enhancing domestic manufacturing of liquid and solid rocket motors, ramjet and turbojet engines for UAVs and drones. The partnership will leverage PTC’s expertise in critical materials and precision-engineered components to establish a fully integrated design-to-delivery pathway for strategic propulsion technologies.

Sachin Agarwal, Chairman & Managing Director, PTC Industries, said, “This Joint Venture with BDL is a decisive step toward building India’s capability in critical propulsion and engine technologies. By combining BDL’s proven systems pedigree with PTC’s materials and precision-engineering expertise, we aim to create an indigenous, future-ready ecosystem for missiles, UAVs, and next-generation strategic platforms—fully aligned with Aatmanirbhar Bharat.

Infrastructure Urban

09 Jan 2026

Mount Expands Tumkur Facility with New Automated Panel, PEB Lines

Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across pre-engineered building (PEB) and polycarbonate sheets, simultaneously inaugurated its second fully automated continuous sandwich panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur.The milestone expansion, part of a total investment of Rs 250 crore, marks a significant advancement in the company's commitment to engineered performance, manufacturing scale, and industrial growth. The integrated facility spans approx..

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..