NRB Bearings has received an approved for further investment of THB 6 million equivalent to Rs 10 crore in the equity capital of its wholly owned subsidiary NRB Bearings (Thailand). The board at its meeting held on March 06, 2012 has approved for the same. Further, the above is subject to RBI approval.
NRB Bearings is engaged in the manufacture and sale of ball and roller bearings in India. The company’s products are used in two/three wheelers, all terrain vehicles, passenger cars, multi-utility vehicles, commercial vehicles, and tractor and farm equipment, as well as in two and four stroke engine applications; electric motors for automotive applications; and air conditioning compressors for automotive applications. It also exports products to other countries.
