Incorporated in 1962, Palco Metals Ltd. operates in the aluminum industry, primarily through its subsidiary, Palco Recycle Industries Limited, which manufactures and sells aluminum products such as wire rods, deoxidants, ingots, powders, notch bars, cubes, shots, and alloys. While the parent company itself is not currently engaged in manufacturing, it supports its subsidiary’s operations.
In FY22, the company generated its entire revenue from the domestic sale of goods. A significant corporate development occurred on 15th July 2021, when the company approved a special resolution to invest, provide loans, advances, and corporate guarantees totaling up to ₹75 crores.
Key appointments in FY22 included Mr. Punit Lath as the Secretarial Auditor and Mr. Kirankumar Babulal Agrawal as Managing Director, further strengthening its leadership team.
Palco Metals focuses on the aluminum sector’s growth opportunities, leveraging its subsidiary’s capabilities in recycling and manufacturing aluminum products.