Permanent Magnets Limited is engaged in manufacturing of alnico cast magnets and yoke assemblies, and parts and accessories of electricity meters. The Company operates in magnetics and its applications segment. Its products include magnetic cores and shields, shunts, magnetic lifters, magnetic separators, electro magnets, retrieving magnets, office and workshop, magnets, zamak, ophthalmic endo light vitreo retinal (VR), current transformers, annealing services, relays and holding lifters. Its magnetic assemblies division manufactures home and office devices, such as magnetic knife holders, magnetic tool holders and magnetic sweepers, among others. It manufactures various shunts, which include Full Manganin shunt, Electron beam (EB) Welded Shunts, Manganin shunts for electric vehicles (EV) and Manganin or CuNi44 shunt for printed circuit board (PCB). The Company also supplies brass terminals, neutral blocks, brass screws and other brass connectors used in electricity meters.