MoneyWorks4Me

Pitti Engineering to enhance installed capacity with Rs 250 crore expansion plan

01 Sep 2020 Evaluate

Pitti Engineering is on track on its expansion plan of Rs 250 crore to enhance its installed capacity from the existing 36,000 MT to 46,000 MT for sheet metal components and from 2,47,600 hours to 405,600 hours for machining. The residual long-term order book stands at Rs 550 crore, which comprises of engineering products catering to user industries like Diesel and electric locomotives for Indian Railways, data farms, consumer durables and renewable energy.

Pitti Engineering is engaged in the manufacturing of electrical laminations for use in all types of motors for a wide spectrum of applications, alternators, DC machines, railway lighting alternators etc.

Peers
Company Name CMP
Bharat Heavy Elect. 419.20
Thermax 3449.00
Kirloskar Industries 3588.85
Skipper 551.30
INDO-MIM 1275.35
View more..