Business Update7 Aug 2025, 06:58 pm
Pitti Engineering Ltd. Approves Capex of ₹ 150 Crores for Capacity Expansion
AI Summary
Pitti Engineering Ltd. has approved a capital expenditure (capex) of ₹ 150 crores to enhance its manufacturing capacities. The company's board of directors made this decision at a meeting held on 7 August 2025. The proposed expansion aims to increase the consolidated capacities of sheet metal from 90,000 MT to 1,08,000 MT, machine hours from 6,48,000 hours to 7,20,000 hours, and foundry capacity from 18,600 MT to 24,000 MT. The expansion will be funded through a mix of internal accruals and debt and is expected to be completed in a span of 18 months. The current manufacturing capacities are nearing optimal utilization, and this expansion is intended to cater to the increasing business demand and growth opportunities.
Key Highlights
- Pitti Engineering Ltd. approves ₹ 150 crores capex for capacity expansion
- Manufacturing capacities to be enhanced for sheet metal, machining hours, and foundry
- Expansion to increase sheet metal capacity from 90,000 MT to 1,08,000 MT
- Machine hours to increase from 6,48,000 hours to 7,20,000 hours
- Foundry capacity to increase from 18,600 MT to 24,000 MT
- Expansion to be funded through internal accruals and debt
- Expected completion in a phased manner within 18 months