Pitti Engineering has made further investments to the extent of Rs 5,00,000 in its Wholly Owned Subsidiary Company, Pitti Rail and Engineering Components by way of subscription to 50,000 fully paid up equity shares of face value Rs 10 each through Rights issue. The further investment is made to enable PRECL meet its expenses for operations and general corporate purpose.
Pitti Engineering is India's largest and most reputed manufacturer of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-Cast Rotors and Press Tools.
