Incorporated in 1963 as a private limited company, PTC Industries Ltd, previously known as Precision Tools & Castings was promoted by the late B J Agarwal, N K Agarwal and J K Agarwal. It became a public limited company in Aug.'94. Its manufacturing unit is located at Aishbagh, Lucknow._x000D_ _x000D_ The company manufactures industrial castings of various grades of steel / stainless steel and super alloys (cobalt/nickel/tungsten-based metallurgy). The castings manufactured by the company are used in various industries like valves and pipe fittings, pumps, cement, fertilisers, chemicals and petrochemicals, thermal and nuclear power, mining and geology, the Railways, road and sea transport, etc._x000D_ _x000D_ The company offered equity shares in May '95 to fund the modernisation and expansion of its installed capacity from 1800 mtpa to 3600 mtpa and to set up investment casting facilities. Commercial production on the expanded capacity commenced in Mar.'95._x000D_ _x000D_ The company exports to hard-currency areas of the UK, the US, Germany, Spain and Finland. The company received the Best Exporter shield from the Engineering Export Promotion Council (EEPC) (Northern Region) in 1990, 1991 and 1993. It was accorded the German Quality Audit Certification (RWTUV). It is certified as a Well Known Foundry under the Indian Boiler Regulations._x000D_ _x000D_ The company's expansion plan undertaken in 1994-95 to enhance the installed capacity from 1800 mtpa to 3600 mtpa of high value added industrial castings has brought in covetted results. The company is setting up facilities to manufacture forgings. Another project of steel fabrications is also on the cards. Total forex earnings during the year 1995-96 was Rs 16.55 cr._x000D_