Pitti Engineering Approves ₹290 Crore Capex for New Greenfield Facility
Pitti Engineering Limited's Board has approved a ₹290 crore capex for a new greenfield casting and machined components facility. The project is expected to be completed in three years, funded by internal accruals and lease finance. This will increase total casting capacity to 36,000 MT per annum.
The substantial capital expenditure and capacity expansion are expected to have a significant impact on the company's future revenue and market position.
The company is making a significant investment in expanding its capacity to meet growing demand, which is a positive indicator for future growth.
Pitti Engineering Limited announced today, 14th May 2026, that its Board of Directors has approved a capital expenditure of ₹290 crores to establish a new greenfield casting and machined components facility. This project is anticipated to be completed within three years and will be financed through a combination of internal accruals and lease finance.
The company currently operates casting and foundry facilities with an aggregate installed capacity of 18,600 MT per annum, which is expected to increase to 24,600 MT per annum by FY27 through debottlenecking initiatives. The proposed greenfield facility, along with the debottlenecking, will boost the total installed casting capacity to 36,000 MT per annum upon commissioning.
The rationale behind this significant investment is to meet the strong and growing demand from OEM customers across various segments, capitalize on emerging growth opportunities, and consolidate operations into a single, fully integrated manufacturing location. The new facility, to be located in the Macharam region of Telangana, is strategically aligned with the company's long-term growth objectives, aiming to enhance capacity readiness and strengthen customer confidence. Following the commissioning of the new facility, the company also plans to monetize its existing Hosakote facility.
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Pitti Engineering Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Pitti Engineering Limited. Read the original for the full detail.