Investment & Precision Castings Ltd. (I&PCL) received a contract from PLR Systems Private Limited on July 14, 2025. The agreement involves supplying precision investment cast components for defence use.
PLR Systems is a joint venture between the Adani Group and Israel Weapon Industries (IWI). It manufactures small arms and related equipment for the Indian military and police forces.
Weapons produced by PLR include the TAVOR and X95 assault rifles, GALIL sniper rifles, NEGEV light machine guns, and UZI submachine guns. These are deployed by various Indian defence units.
The company notified the stock exchange on July 14, 2025, through a disclosure under Regulation 30 of SEBI’s LODR guidelines. The update was shared via a corporate filing with BSE.
No details have been provided regarding the financial size of the order. The company said it will disclose further updates in line with materiality norms, if required. The company has indicated that it may explore further opportunities with PLR Systems. No commitments or projections have been shared.
Read more: Investment & Precision Castings Board Approves 1:1 Bonus Share Issue!
I&PCL operates from Bhavnagar, Gujarat. It holds certifications including NADCAP (Non-Destructive Testing) and IATF 16949:2016 for its manufacturing processes.
There is no related-party interest or promoter group involvement in the awarding of this contract, according to the filing.
As of 9:46 AM on July 15, 2025, Investment & Precision Castings share price traded at ₹521.65, a 4.99% increase, marking a 17.83% gain over the past 6 months and 71.65% over the past year.
I&PCL has entered the defence supply chain through its latest order from PLR Systems. Further developments will be disclosed based on regulatory and policy requirements.
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Published on: Jul 15, 2025, 9:58 AM IST
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