22-Oct-2026 18:32:11
PITTI ENGINEERING Q2: APPROVES ₹450 CR CAPEX; SHEET METAL CAPACITY TO INCREASE 48%
• Capex Approval: Approved ₹450 Cr investment to expand manufacturing capacity and strengthen value-added capabilities • Sheet Metal Capacity: Planned increase of 48% from 1,08,000 MT to 1,60,000 MT annually • Machining Capacity: Planned increase from 8.14 lakh hours to 13.14 lakh hours annually, including ongoing expansion • Execution Timeline: Capacity expansion to be implemented in phases up to FY31 • Capacity Utilisation: Existing utilisation at approximately 78% for sheet metal and 85% for machining • Facility Consolidation: Plans to integrate fragmented lamination manufacturing operations in Karnataka into a single facility • Growth Opportunities: Targeting demand from power generation, data centres, railways, mining and off-highway vehicles • Funding: Project to be financed through internal accruals and debt
PITTI ENGINEERING LIMITED