Palco Metals Limited, originally established as Premier Die Casting & Engg. Co. Ltd. in 1962, underwent a transformation under new management in 1997, leading to its rebranding. The company successfully integrated into the recycling industry by selling its business to its associated entity, Palco Recycle Industries Limited, in 2010-11. In 2016-17, Palco Recycle Industries became a subsidiary of Palco Metals Limited. The subsidiary focuses on manufacturing wire rods of various grades, with its production facility located in Kadi, Gujarat. This strategic investment underscores the company's commitment to enhancing its presence and capabilities in the recycling sector.