Investment & Precision Castings Limited (I&PCL) has received a contract from PLR Systems Private Limited for the supply of precision investment casting components intended for defence applications. The financial details of the deal have not been disclosed.
PLR Systems is a joint venture between the Adani Group and Israel Weapon Industries (IWI), engaged in the manufacture of small arms and related equipment. Its product range includes the TAVOR and X95 assault rifles, the GALIL sniper rifle, the NEGEV light machine gun, and the UZI submachine gun, which are used by the Indian Armed Forces and Central Armed Police Forces. The components are intended for these products.
“This strategic agreement underscores I&PCL’s expanding footprint in the global defense market and our proven capability to meet the rigorous standards required for mission-critical applications. This achievement is a testament to our advanced manufacturing infrastructure, unwavering commitment to quality, and dedication to supporting the defense sector globally. We view this as an important milestone that further strengthens stakeholder confidence and positions us for long-term growth and collaboration opportunities,” said Piyush I. Tamboli, Chairman & Managing Director of I&PCL.
The company stated that further updates on the financial implications and other material developments would be provided in accordance with applicable SEBI regulations.
Investment & Precision Castings Limited manufactures investment castings for sectors such as aerospace, automotive, and defence. Based in India, the company serves both domestic and international clients.
