Announced Fri, 17 Jul · 12:14 IST
NRB Bearings subsidiary completes Mahant Tool Room acquisition
NRBBEARING · price
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Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹421.00
prior close
₹409.15
base price
In-mkt
timing
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AI summary
NRB Bearings' subsidiary MTRPL has completed acquiring sole proprietorship Mahant Tool Room (MTR) on July 17, 2026. MTRPL also secured AS9100D aerospace certification. The deal targets the 14.5B to 16.5B dollar global aerospace and defence market for critical components like landing gear parts and fuel injection systems. NRB aims to double consolidated revenue by 2031, leveraging clients including Daimler, Audi, and ZF.
Likely market impact
Expands NRB into high-growth aerospace and defence, supporting its 2031 revenue doubling target. Positive long-term signal for shareholders.