Pitti Laminations’ arm acquires fixed assets and specified current assets of a foundry unit

Pitti Laminations’ subsidiary - Pitti Castings (PCPL), has acquired the fixed assets and specified current assets of a foundry unit located at Mahaboobnagar district in Andhra Pradesh.

Pitti Laminations is engaged in the manufacturing of electrical laminations with an installed capacity of 25,000 MTPA for the use in Rotating Electrical Machinery such as industrial motors, aeronautic wing control motors etc. The company also manufactures die-cast rotors and assembled stators, besides manufacture and sale of press tools, jigs and fixture.