Dear Shareholders,
The past year has been a period of strategic growth and resilience for
Investment & Precision Castings Limited (IPCL). Our dedicated aerospace and defence
plant, now approved by a leading USA-based aerospace company, has solidified our position
in these critical sectors.
Additionally, our commitment to sustainability is demonstrated by our
investments in windmills and natural gas, which align with the environmental requirements
of our USA and European clients. These initiatives are not only beneficial for the
environment but also position us favourably in a competitive market. We are also actively
working on Solar Plant and carbon credits, further reinforcing our commitment to
environmental sustainability.
Our workforce is an integral part of our success, and we are proud to
report that women employees now constitute over 5% of our total strength.
The "Make in India" initiative has opened new avenues for us
in the defence sector, promising substantial growth opportunities. Moreover, the Indian
automotive industry is expected to see significant growth in combustion engine vehicle
sales, with projections indicating continued growth until 2030. This presents additional
prospects for our company.
We remain committed to delivering high-quality products and achieving
excellence in every aspect of our operations.
Thank you for your continued support.
| Piyush Tamboli |
| Chairman & Managing Director |