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PTC Industries has signed an agreement on May 6, 2024 to incorporate Special Purpose Vehicle (SPV) under Section 8 of the Companies Act of 2013. Further Uttar Pradesh Expressways Industrial Development Authority will provide 2 acres of land to the proposed Section 8 Company for the Defence Testing Infrastructure (DTI) at the Lucknow node of the Uttar Pradesh Defence Corridor.
The SPV will be responsible for the development, operation, and management of the proposed DTI. The upcoming facility is set to welcome industries from both within and outside the state. This state-of-the-art testing lab is poised to play a pivotal role in advancing the defence and aerospace manufacturing ecosystem. Envisioned as a world-class testing lab, this facility is poised to become a cornerstone in the development of the defence and aerospace manufacturing ecosystem. Its significance lies in facilitating research and providing cutting-edge testing capabilities to contribute to the growth and advancement of these crucial industries.
The main object of incorporation of Company under Defence Testing and Infrastructure Scheme promulgated by Ministry of Defence is to provide focused, structured, and significant thrust to indigenous Research, Development and Manufacturing in the Defence Sector, with special focus on participation of MSMEs and Startups, by providing state of the art testing facilities. And also provide easy access and meet the testing needs that will address the quality and certification requirement of the domestic defence industry.
PTC Industries is a manufacturer of high-quality engineering components for various critical and super-critical applications.
| Company Name | CMP |
|---|---|
| Electrost Castings | 178.00 |
| AIA Engineering | 3812.70 |
| Kirloskar Ferrous | 690.30 |
| Nelcast | 144.00 |
| Alicon Castalloy | 991.30 |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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