Investment & Precision Castings Ltd Management Discussions.

INVESTMENT & PRECISION CASTING LIMITED is well- known name since its establishment from 1975, within India, and making its presence in Global market by continues product development as we continue to provide our clients with consistent and reliable products.

Along with its current line of business in automobiles ancillary products, company is also focusing on Aerospace, Defense and Medical products and equipments as well as development in Exports.

OPPORTUNITIES:

Government offset clause and domestic procurement mandate for tenders under Rs. 200Cr have provided new opportunities for various projects in Aerospace, Defense and Power Generation Sectors.

THREAT:

The Covid-19 Pandemic has hit India with its second wave and the short-term future remains uncertain

RISK CONCERN:

Covid-19 related lockdowns have led to a slowdown in demand from various sectors. Several OEMs have shutdown production and demand is uncertain. Heavy absenteeism is leading to production loss.

MITIGATION STRATEGIES:

I&PCL have, as mentioned earlier, worked on increasing output capacity in the existing facilities to reduce costs. We have also seen a major increase in Exports which is expected to grow in the future. The approval from NADCAP and NABL for testing along with our Radiography and soon to be available HIP Capabilities will open various product development opportunities in the future.