Pitti Engineering’s board has approved a capex of Rs 290 crore for setting up a greenfield casting and machined components facility in Telangana. The project is expected to be completed in three years and will be funded through a mix of internal accruals and lease finance.
The company is witnessing strong demand from OEM customers across multiple segments. In order to meet growing customer demand, capitalise on emerging growth opportunities, and consolidate operations into a single fully integrated manufacturing location, the company proposes to establish a new greenfield casting and machined components facility in the Macharam region of Telangana.
Upon commissioning of the greenfield facility, the total combined installed casting capacity, including existing facilities and the planned debottlenecking, will increase to 36,000 MT per annum.
Pitti Engineering (Formerly Pitti Laminations) was founded in 1983 and is India's largest and most reputed manufacturer of Electrical Steel Laminations, Motor Cores, Sub-Assemblies, Die-Cast Rotors and Press Tools.
