Deals5 Feb 2026, 12:54 pm
Harsha Engineers International Ltd Announces USD 9.94 Mio Brownfield Expansion by Harsha China
AI Summary
Harsha Engineers International Ltd announced that its wholly owned subsidiary, Harsha Precision Bearing Components (China) Co. Ltd, will undertake a brownfield expansion project at an outlay of approximately USD 9.94 Mio. The project, to be located at No.10 Fuhua Road, Bixi Sub-district, Changshu, Jiangshu, will focus on infrastructure development and purchase of plant and machinery. The proposed capacity addition of 5.84 Mio pieces is expected to be added within approximately 2 years, with a total capex of USD 9.94 Mio. The expansion is aimed at enhancing Harsha China's market share in China and diversifying its product portfolio into the bearing cage market.
Key Highlights
- Harsha Engineers International Ltd's subsidiary, Harsha Precision Bearing Components (China) Co. Ltd, to undertake a brownfield expansion project in China.
- Project outlay of approximately USD 9.94 Mio for infrastructure development and purchase of plant and machinery.
- Proposed capacity addition of 5.84 Mio pieces within approximately 2 years.
- Expansion aimed at enhancing Harsha China's market share and diversifying product portfolio into the bearing cage market.
- Capital expenditure to be financed through a combination of equity contribution from the Parent and term loan financing in Harsha China.