INVESTMENT & PREC CAST L

Manufactures investment castings — precision metal parts formed by pouring molten metal into ceramic moulds — primarily for the automotive sector, with growing business in aerospace and defence. The investment castings segment accounts for the vast majority of revenue; the group also runs a small wind-mill power generation operation that contributes a marginal share. Production runs at about 1,500 tons per year against an installed capacity of 3,060 tons, leaving significant headroom to scale at the Bhavnagar, Gujarat facility. Defence customers include the Gas Turbine Research Establishment (GTRE, a DRDO lab under the Ministry of Defence) for super-alloy HP turbine castings, and MKU Limited for precision aluminium thermal-weapon-sight components. A 4 MWp captive solar power plant was commissioned in March 2026, with management stating 25% of energy now comes from renewable sources. Costs are dominated by materials (31.5% of revenue) and other operating expenses (46.2% of revenue), with employees at 6.5% and depreciation at 4.5%. A wholly-owned subsidiary, I&PCL Vacuum Cast Limited, supports the casting operations.