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Timken India planning to set up new manufacturing facility at Bharuch

17 Nov 2022 Evaluate

Timken India is planning to set up new manufacturing facility at Bharuch, Gujarat to manufacture Spherical Roller Bearings (SRB) and Cylindrical Roller Bearings (CRB) and components thereof which will enhance manufacturing capacity of the Company.

The Commercial Production at said manufacturing facility is expected to start from January, 2025 with investment of approximate Rs 600 crore. The company already has manufacturing plant at Bharuch, Gujarat wherein primarily Tapered Roller Bearings (TRB) and its components are manufactured.

Timken India is primarily engaged in manufacture, sale and export for sale of antifriction bearings, components and related parts. The company is also engaged in import and purchase for resale and acts as a sales agent for the products manufactured by The Timken Company.

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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