Shares of PTC Industries Ltd skyrocketed 9% on 3 October after the company announced that its arm had inked a partnership with Coolbrook. 

In its regulatory filing, the company said that its subsidiary Trac Precision Solutions will collaborate with Coolbrook to provide crucial machined and cast components for its rotodynamic heater (RDH). 

Coolborook is a revolutionary technology and engineering firm. The RDH technology is capable of reaching temperatures of up to 1,700 degrees Celsius, making it ideal for decarbonising previously difficult-to-abate industries such as cement, steel, petrochemicals, and chemicals.

At full production, the initial contract includes two milled blades and four cast vanes or blades, for a total of 27,000 parts per year across 100 engine sets, according to the company.

According to PTC Industries, revenue from the agreement is expected to expand in step with Coolbrook’s customer sales, reaching more than £10 million each year.

PTC Industries stated that a second phase, involving three further machined components, will be granted soon.

Liam Bevington, the managing director of Trac, said, “As Coolbrook scales globally, this programme has the potential to become one of Trac’s most significant long-term production lines, delivering steady growth while showcasing our expertise in precision engineering for transformative technologies.”

According to the firm, the agreement will allow Trac and the broader PTC Group to diversify into clean technology, positioning it for long-term global growth and sustainability alignment.

Sachin Agarwal, chairman and managing director of PTC Industries, said, “This partnership aligns perfectly with our strategic vision of building a diversified, future-ready business that contributes not only to aerospace and defence but also to the urgent global challenge of decarbonisation.”

At 12:26 pm, the shares of PTC Industries were trading 3.78% higher at Rs 16,291 on NSE.

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