The company will be investing Rs 1500 million in this project and plans to employ more than 200 people This plant will specifically cater to the automotive market segment in India. Situated over an area of 10 acres, the new bearing factory will have a production capacity of 40 million bearings. Deep Groove Ball Bearings will be manufactured at this site to cater to the demands of the automotive and manufacturing sector.

The company made this announcement during the trading hours today, 28 April 2009.