Timken India (NSE:TIMKEN, BOM:522113) has earmarked an investment of 1.20 billion Indian rupees to increase the grinding and assembly operations capacity for rail bearing cup and cone by over 20% at its unit in Jamshedpur, India, according to a Thursday filing to the Indian bourses.
The proposed capacity expansion is expected to take place by the third quarter of financial year 2026-27 as the present capacity at the said facility is almost fully utilized.
The investment for the capacity expansion will be funded using the company's internal accruals.
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