India, Oct. 14 -- The Lucknow-based advanced manufacturing company has landed fresh recognition from one of the biggest names in commercial aviation, with its titanium subsidiary stepping into a more demanding role on a globally important engine programme. The development builds on an existing relationship and comes with a framework for what could become a long-term supply arrangement. While financial terms remain under wraps, the move arrives after a quarter of higher profits, raising questions about how it could shape the group's growth path.

The Nifty 50 traded at 22,631, down 0.40%, while the Sensex is also down by 0.34% to 72,795 on Wednesday. While the benchmark indices traded lower,PTC Industries Limited announced that its wholly...