Business Update7 Aug 2025, 07:04 pm
Pitti Engineering Ltd. Approves Capex of ₹ 150 Crores & Announces Q1 2025 Financial Results
AI Summary
Pitti Engineering Ltd. announced the outcomes of its Board Meeting held on August 7, 2025. The Board approved the un-audited financial results for the quarter ended 30 June 2025 and also approved a capex of ₹ 150 crores for enhancing the manufacturing capacities of the company and its subsidiaries. The company is planning to increase its sheet metal capacity from 90,000 MT to 1,08,000 MT, machining hours from 6,48,000 hours to 7,20,000 hours, and foundry capacity from 18,600 MT to 24,000 MT. The proposed capacity expansion will be funded through a mix of internal accruals and debt and will be completed in a phased manner in 18 months.
Key Highlights
- Pitti Engineering Ltd. approved a capex of ₹ 150 crores for enhancing manufacturing capacities.
- The company's manufacturing capacities are nearing optimal utilization and the proposed capacity expansion will cater to increasing business demand and growth opportunities.
- The capacity expansion will be funded through a mix of internal accruals and debt.
- The proposed expansion includes increasing sheet metal capacity from 90,000 MT to 1,08,000 MT, machining hours from 6,48,000 hours to 7,20,000 hours, and foundry capacity from 18,600 MT to 24,000 MT.
- The capacity expansion is expected to be completed in a phased manner in 18 months.