Timken India Limited announced that new manufacturing facility will be set up at Bharuch, Gujarat to manufacture Spherical Roller Bearings (`SRB') and Cylindrical Roller Bearings (`CRB') and components thereof. The Company already has manufacturing plant at Bharuch, Gujarat wherein primarily Tapered Roller Bearings and its components are manufactured. At the same premises wherein existing plant is situated, new facility will be set up to manufacture SRB and CRB and components thereof which will enhance manufacturing capacity of the Company.

Relevant details in this regard are provided below: Existing capacity The Company has manufacturing plants at Jamshedpur and Bharuch wherein primarily TRB and its components are manufactured. The Company at present does not manufacture SRB and CRB. Existing capacity utilization Present capacities for TRB are full utilized.

New Product SRB and CRB. Expected Commercial Production start date January, 2025, Investment Approx. INR 600 crores, Mode of financing Internal accruals, The Company at present does not manufacture SRB and CRB in India.

SRB and CRB are mainly imported from Timken group companies across world and sold in India. The Company believes that SRB and CRB overall have good market in India and outside India. Target Market Domestic as well as International market including US and Europe.