Announced Fri, 3 Jul · 17:04 IST
Schaeffler India first to secure BIS license for cylindrical roller bearings
Compliance View source PDF
SCHAEFFLER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹4169.00
prior close
₹4192.60
base price
After-mkt
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AI summary
Schaeffler India announced its Maneja and Savli plants received BIS (Bureau of Indian Standards) license for Cylindrical Roller Bearings under a new Indian standard, the first company in the Indian bearing industry to do so. Both plants also secured BIS license for Deep Groove Ball Bearings. MD and CEO Harsha Kadam called it a milestone in quality and manufacturing excellence. The company operates five Indian plants with over 3,800 employees.
Likely market impact
Positive for brand strength and customer confidence as a first-mover certification. No direct financial impact on revenue or costs from this announcement alone.