Timken India invests to expand Jamshedpur rail bearing capacity

Timken India (BSE: TIMKEN) disclosed plans to invest approximately ₹120 crore to enhance its rail bearing manufacturing capacity at its Jamshedpur facility. The investment will focus on increasing the production of cup and cone components, crucial parts of rail bearings. The expansion aims to boost grinding and assembly operations capacity for these components by slightly over 20%. The company's decision is driven by strong demand for its rail bearings in both domestic and international markets. The project is expected to be completed by Q3 of fiscal year 2026-27 and will be funded through internal accruals. This expansion will allow Timken India to better meet the growing needs of its customers and solidify its position in the rail bearing market.