Pitti Laminations touches the roof on inking pact with GE India

Pitti Laminations is currently trading at its upper circuit limit of Rs. 46.90, up by 7.80 points or 19.95 % from its previous closing of Rs. 39.10 on the BSE.

The scrip opened at Rs. 39.05 and has touched a high and low of Rs. 46.90 and Rs. 39.05 respectively. So far 91577 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 66.45 on 29-Oct-2015 and a 52 week low of Rs. 26.00 on 16-Mar-2016.

Last one week high and low of the scrip stood at Rs. 46.90 and Rs. 39.00 respectively. The current market cap of the company is Rs. 126.55 crore.

The promoters holding in the company stood at 60.00%, while institutions and non-institutions held 3.09% and 36.91% respectively.

Pitti Laminations has entered into an agreement with GE India Industrial valuing about Rs 500 crore over the tenure of the agreement for supply of various parts to be used in locomotives, which are to be supplied to Indian Railways by GE. The duration of the agreement is up to the year 2030. The said contract is over and above the existing contracts.

Pitti Laminations is a Industrial Machinery manufacturing company. It offers electrical stampings, die cast rotors, tools, jigs, fixtures and moulds, electrical laminations for application in industrial motors, direct current machines, alternators, traction motors, pumps etc.