Pitti Engineering inches up as its board approves capex of Rs 290 crore for setting up greenfield casting facility

Pitti Engineering Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 513519 | NSE: PITTIENG

15 May 2026 Evaluate

Pitti Engineering is currently trading at Rs. 896.30, up by 0.85 points or 0.09% from its previous closing of Rs. 895.45 on the BSE.

The scrip opened at Rs. 875.00 and has touched a high and low of Rs. 905.85 and Rs. 855.50 respectively. So far 3307 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1069.85 on 19-Sep-2025 and a 52 week low of Rs. 677.20 on 21-Jan-2026.

Last one week high and low of the scrip stood at Rs. 1,024.75 and Rs. 829.60 respectively. The current market cap of the company is Rs. 3368.11 crore.

The promoters holding in the company stood at 54.18%, while Institutions and Non-Institutions held 21.34% and 24.49% respectively.

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.

Pitti Engineering Share Price

929.90 5.05 (0.55%)

11-Jun-2026 16:59 View Price Chart

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