New Launch15 Nov 2024, 09:28 pm
TIMKEN INDIA LTD. to Invest around Rs. 700 crores in New Manufacturing Facility for Spherical Roller Bearings and Cylindrical Roller Bearings
AI Summary
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, TIMKEN INDIA LTD. has updated about their new manufacturing facility at Bharuch, Gujarat. The company initially announced an investment of approx. Rs. 600 crores, but now it is expecting to invest around Rs. 700 crores. The commercial production from the project is expected to commence in Q4 2024-2025 i.e. January — March, 2025.
Key Highlights
- TIMKEN INDIA LTD. to invest around Rs. 700 crores in new manufacturing facility
- The facility will manufacture Spherical Roller Bearings and Cylindrical Roller Bearings and components
- The commercial production from the project is expected to commence in Q4 2024-2025 i.e. January — March, 2025
- The initial investment plan of Rs. 600 crores has been revised to around Rs. 700 crores