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An announcement from NRB Bearings Ltd. ( (IN:NRBBEARING) ) is now available.
NRB Bearings Limited has announced a strategic expansion into the aerospace segment via the acquisition of the business of Bengaluru-based Mahant Tool Room by its wholly owned subsidiary, Mahant Tool Room Private Limited, for an upfront cash consideration of ₹27.5 crore. The deal brings NRB an existing order book of over ₹25 crore in mission-critical engine and fuel system components, recognized by industry awards, and includes the onboarding of industry expert Mr. Mallappa to drive growth in the aerospace vertical. By adding this high-growth, high-entry-barrier sector to its portfolio, NRB aims to accelerate its diversification beyond automotive, strengthen its advanced manufacturing and technological capabilities, and support its aspirational target of achieving turnover of over ₹2,500 crore within five years, while emphasizing disciplined capital allocation and long-term value creation for shareholders.
More about NRB Bearings Ltd.
Founded in 1965 and headquartered in Mumbai, NRB Bearings Limited is India’s leading manufacturer of needle and cylindrical roller bearings and a pioneer in high-performance bearings and friction solutions for mobility and industrial applications. The company designs and manufactures precision-engineered, lightweight friction solutions for automotive and industrial customers in India and exports to more than 40 countries worldwide.
Average Trading Volume: 10,685
Technical Sentiment Signal: Hold
Current Market Cap: 22.93B INR
Find detailed analytics on NRBBEARING stock on TipRanks’ Stock Analysis page.