+
Timken India to start making CRBs, SRBs locally at Bharuch
Equipment

Timken India to start making CRBs, SRBs locally at Bharuch

Timken India plans to set up a new facility at Bharuch in Gujarat to manufacture spherical roller bearings (SRBs), cylindrical roller bearings (CRBs) and other components.

“Financing of the capital expenditure will be done through internal accruals. Commercial production is expected to start in January 2025. The manufacturing facility in Bharuch will mainly produce tapered roller bearings (TRBs) and its components; another new plant in the same factory will produce SRBs, CRBs and its components, increasing the company’s manufacturing capacity,” the management said.

The SRBs and CRBs will be used in heavy-duty and medium-speed industrial applications such as wind turbines, gearboxes, and mining and construction equipment.

Timken is working at maximum capacity utilisation in India. The company currently does not manufacture SRBs and CRBs in the country, but imports them from Timken Group companies worldwide for sale in India.

“The company has launched a series of spin-off plans at the start of the new financial year, and the industrial market and customer demand are expected to remain strong. The government’s commitment to ‘Atmanirbhar Bharat’ and budget allocation for infrastructure will encourage bearing manufacturers to increase their local production capabilities manufacturing capacity,” the company added.

See also:
ADIA provides Rs 81.36 billion first closure to Kotak Investment Advisors
Hindalco Industries Q2 profit tumbles 35%

Timken India plans to set up a new facility at Bharuch in Gujarat to manufacture spherical roller bearings (SRBs), cylindrical roller bearings (CRBs) and other components. “Financing of the capital expenditure will be done through internal accruals. Commercial production is expected to start in January 2025. The manufacturing facility in Bharuch will mainly produce tapered roller bearings (TRBs) and its components; another new plant in the same factory will produce SRBs, CRBs and its components, increasing the company’s manufacturing capacity,” the management said. The SRBs and CRBs will be used in heavy-duty and medium-speed industrial applications such as wind turbines, gearboxes, and mining and construction equipment. Timken is working at maximum capacity utilisation in India. The company currently does not manufacture SRBs and CRBs in the country, but imports them from Timken Group companies worldwide for sale in India. “The company has launched a series of spin-off plans at the start of the new financial year, and the industrial market and customer demand are expected to remain strong. The government’s commitment to ‘Atmanirbhar Bharat’ and budget allocation for infrastructure will encourage bearing manufacturers to increase their local production capabilities manufacturing capacity,” the company added. See also: ADIA provides Rs 81.36 billion first closure to Kotak Investment AdvisorsHindalco Industries Q2 profit tumbles 35%

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code