Pitti Engineering Approves ₹450 Cr Capex for Capacity Expansion

Pitti Engineering's Board of Directors has approved a capital expenditure of ₹450 crores to enhance manufacturing capacities and value-addition capabilities. This investment will also consolidate the company's lamination manufacturing operations in Karnataka into a single integrated facility. The project is slated for phased implementation up to FY 2030-31. The expansion aims to support sustained demand growth in sectors like mining, off-highway vehicles, power generation, data centers, and railways, thereby improving operational efficiencies, optimizing costs, and driving future growth. The company plans to fund this through internal accruals and debt.