Investment14 Mar 2025, 12:08 am
Timken India Ltd to Invest Approx. Rs 120 crores to Enhance Rail Bearing Components Capacity by 20%
AI Summary
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Timken India Ltd has announced an investment of approximately Rs 120 crores to enhance the capacity of rail bearing components at its Jamshedpur facility. The proposed capacity addition is exclusively meant for rail bearing components namely cup and cone. The Company presently manufactures tapered roller bearing, rail bearings at Jamshedpur. The new capacity is estimated to increase slightly more than 20%. The investment is planned to be financed through internal accruals. The Company has seen good demand for its rail bearing products in both domestic and international markets.
Key Highlights
- Timken India Ltd to invest approximately Rs 120 crores to enhance rail bearing components capacity by 20%
- Investment aimed at increasing grinding and assembly operations capacity for cup and cone for rail bearings
- Proposed capacity addition to be financed through internal accruals
- Company supplies rail bearing in India as well as in International market and has seen good demand for its products
- Board Meeting commenced at 5:30 P.M. and concluded at 6.07 P.M.