Please find attached press release regarding BIS Licenses obtained by Timken India Limited. This is for your information and record.
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Timken India has been awarded four Bureau of Indian Standards (BIS) licenses for its bearings, covering two product categories across two manufacturing facilities. The licenses include Cylindrical Roller Bearing (CRB) Roller production and CRB production at the new Bharuch plant, as well as Tapered Roller Bearing (TRB) Roller production at both the Bharuch (new) and Jamshedpur plants. The company says it is the first in India to obtain CRB and TRB roller licenses across multiple plants. Management highlighted that these certifications help customers source bearings meeting stringent national standards and simplify procurement for regulated projects.
Positive for shareholders — BIS certification removes qualification hurdles for OEM and infrastructure tenders, potentially expanding order wins and revenue from regulated sectors. It also strengthens Timken India's competitive moat as a first-mover in certified CRB and TRB production in India.