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Timken India informs about continuation of shutdown of manufacturing operations

22 Apr 2020 Evaluate

Timken India has informed that in view of further directions issued by the Government of India, State Governments and Local Authorities for preventing the spread of COVID-19 and to ensure the safety of employees, the Company continues to shut down its manufacturing operations at its Jamshedpur plant. Bharuch Plant has received approval from the Statutory Authorities to partially operate plant following guidelines issued by Government of India. The Company may start some manufacturing operations at Bharuch plant going forward in compliance with approval from statutory authorities. The Company continues to follow 'work from home' Policy at other locations. The Company will continue to assess the situation and updates will be intimated.

The above information is a part of company's filings submitted to BSE.


Peers
Company Name CMP
Schaeffler India 3948.75
Timken India 3300.35
SKF India 1528.60
NRB Bearings 515.05
Menon Bearings 298.00
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