PTC Industries Raises ₹1,800 Crore to Scale Defence Infrastructure

Metal component manufacturer PTC Industries has closed a ₹1,800 crore QIP to fuel its next phase of expansion across aerospace, defence, and specialized manufacturing sectors.

The oversubscribed fundraising drew substantial backing from top-tier institutional investors, led by Fidelity Investments (~₹850 crore), Capital Group (₹355 crore), and Fidelity International (₹150 crore), along with domestic heavyweights like HDFC Mutual Fund and Tata AIA Life Insurance.

Capital raised will be directed toward augmenting current production capacities, technology upgrades, strategic M&A opportunities, and the expansion of its state-of-the-art facility situated in the Lucknow node of the Uttar Pradesh Defence Industrial Corridor.

News by Rahul Yelligetti.