NRB Industrial Bearings has executed a loan agreement with Devesh Singh Sahney and Aditya Birla Finance for Rs 10 crore for its working capital requirements. The tenure of the loan is 60 months with 13% of effective rate of interest.
NRB Industrial Bearings is a leading manufacturer of ball and roller bearings for the industrial market. Manufactured at its world-class facility in Shendra, Aurangabad, the company works with OEMs and end-users to increase uptime while keeping the costs down.