Expansion14 May 2026, 07:31 pm
Pitti Engineering: ₹290 Cr Capex for New Facility
AI Summary
Pitti Engineering Ltd has approved a capital expenditure of ₹290 crores for establishing a greenfield casting and machined components facility. The project, expected to be completed in three years, will be financed through a combination of internal accruals and lease finance. This expansion aims to increase the company's total installed casting capacity to 36,000 MT per annum, including existing facilities and planned debottlenecking. The new facility will be located in the Macharam region of Telangana, and upon its commissioning, the existing Hosakote facility is proposed to be monetized.
Key Highlights
- Pitti Engineering approves ₹290 Cr capex for a greenfield facility.
- The new facility will increase casting capacity to 36,000 MT per annum.
- Project to be funded through internal accruals and lease finance.
- The project is expected to be completed in three years.
- Existing Hosakote facility proposed for monetization upon commissioning.