Tuesday, July 1, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Exports

Pitti’s Rs.250 crore expansion on track

Fiinews by Fiinews
August 31, 2020
in Exports, Investment, Manufacturing
Reading Time: 2 mins read
A A
0
PITTI Engineering Ltd
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

Long-term order book at Rs.550 crore

Pitti Engineering is on track on its Rs.250 crore expansion to enhance installed capacity from the existing 36,000 MT to 46,000 MT for sheet metal components and from 247,600 hours to 405,600 hours for machining.

The residual long-term order book stands at Rs.550 crore, which comprises of engineering products catering to user industries like Diesel and electric locomotives for Indian Railways, data farms, consumer durables and renewable energy, said Pitti which has progressed itself into an integrated and complete engineering solutions provider.

Pitti has a presence in a range of engineering products, from highly efficient modern locomotives to green transport solutions through electric vehicles, from renewable energy through hydro and wind power to supercritical lesser emission thermal power, from India’s first self-propelled engine-less train, to ultra-modern irrigation projects.

The company’s products find a suitable application in almost every piece of equipment that rotates or generates electricity.

The other prestigious products include Power Systems for Data Firms, Propulsion Systems for Electric Vehicles and Various Sub-assemblies for Intercity Passenger and Freight movement Components for Mass Urban Transit Systems, and Renewable Energy.

Commenting on the resumption of its manufacturing operations, Mr.

“Our operations are marginally impacted by COVID-19 outbreak and lockdown. Our orders are intact as the majority of them are long-term in nature,” said Akshay Pitti, the company’s Vice Chairman and Managing Director.

“We have started deliveries to our customers. We are seeing the green shoots and we are in the processing of winning more orders during the current year. We are very hopeful that the Capex recovery on the anvil.

“Worldwide capital goods players were operating on just in time inventories for the last couple of years.

“The suppliers are exhausted and tremendous order flow is expected to just to meet the current demand in capital goods sectors especially in high value-added products, wherein we have a presence,” he said.

“The company’s well-crafted strategy to cater to multiple sub-sectors in the same segment based on its more than two decades of experience really paid off. This has insulated the company from many cyclical demand curves in the capital goods sector,” he said.

Pitti Engineering Limited (Formerly Pitti Laminations Limited), leading Engineering company in the country with three decades of excellence in the manufacturing of Sheet Metal Components including Motor Cores, Sub-Assemblies, Die-Cast Rotors and Machining of Metal Components & also the largest exporter of Electrical Laminations from India.

The company has evolved into a complete engineering solution provider to its customers assisting in optimizing its supply chain by integrating various horizontal processes. #manufacturing #exports #investments #expansion /fiinews.com

Tags: Pitti Engineering Ltd
ShareTweetShare

Related Posts

Ministry of Textile
Exports

Export: Govt to facilitate easy trade environment

by Fiinews
July 1, 2025
0
13

Manufacturers urged to ramp up production Commerce and Industry Minister Piyush Goyal has reaffirmed the Government’s commitment to create a...

Ericsson
Manufacturing

Manufacturing: India benefits form global partners

by Fiinews
July 1, 2025
0
15

Ericsson, Apple, Google and Qualcomm contribute beyond investments Minister of Communications Jyotiraditya M. Scindia has underlined the transformative impact of...

Greenzo Energy

Manufacturing: Greenzo to invest in electrolyser

July 1, 2025
14
RRP S4E

Manufacturing: India to get Bulgarian technology

July 1, 2025
15
Ohmium

Manufacturing: Partnership for hydrogen solutions

June 29, 2025
13
PIB

Invest: PSBs told to strengthen credit to MSMEs

June 29, 2025
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tech: Military-grade integrity for digital space
  • Tech: SatSure-Dhruva Space to work on value chain
  • Tech: WaveX invites startups to create AI-solution
  • Export: Govt to facilitate easy trade environment
  • Tender: India plans 5,000 km of waterways

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.