Timken India Share Price Live

Timken India (TIL) (previously known as Tata Timken), a joint venture between Tata Iron and Steel (TISCO) and Timken, US (holding 80% of its equity), was incorporated in Sep.'87. The company's manufacturing facility is located at Bara, Jamshedpur. It came with a rights issue in Feb.'94 to part-finance the overrun in the project cost. The company has targeted the automobile , engineering and railway sectors.It specializes in the manufacture of tapered roller bearings. It received the ISO 9002 certification. Further, the company is planning to achieve QS 9000 and ISO 14001 certification to upgrade the quality system. The company achieved certification from American Association of Railroad (AAR). This would help the company in quick acceptance of its products in USA. To extend the product range, the company embarked upon a small bearings project for Rs 16 cr to manufacture TRBs with a bore size of 35mm and less which has been completed within the budgeted cost in fiscal 2001. During the fiscal it introduced a new concept in technical problem solving and roll shop management, drawing heavily from the expertise in its steel rolling mill as well as its strong base of knowledge in bearing. The service envisages round the clock management of customer's roll shop and the associated chock and bearing maintenance. It is also pursuing new business activities that enhance the value adding propositions of the company's existing businesses. During the year 2001-02, The company had shut down 2 plants (in UK and USA ) and as a part of the products of those plants have been transfered permanently to Timken India. This will result in an important growth of the manufacturing volumes of Jemshedpur plant. TIL has completed the acquisition of The Torrington company in 2002. This acquisition offers a fit and will bring a broader line of engineered products and services. During the year 2004, the company has undertaken an expansion project of installing a new 8' cone line. This new line is expected to produce a little over five lacs tapered single cones annually necessittating an approximate investment of Rs.1.65 Crores. It also have undertaken a new project for manufacture of double extended cones for the purpose of export to US. This double extended cone project envisages an investmentof Rs 10.50 Crores. This project is expected to be completed by the end of the first quarter of 2007. TIL has continue to drive Lean Six Sigma Projects across all parts of its operations and business processes.In 2004 Til was awarded a special award for excellence in Lean Six Sigma at the Indian Manufacturing Excellence Awards (IMEA) anounced by Frost & Sullivan. During the year 2004, the installed capacity of AP Cartridge Tapered Roller Bearings, units including components and accessories has been increased by 45000 Nos. Due to this expansion the installed capacity of AP Cartridge Tapered Roller Bearings, unit including components and accessories is 150000 Nos for this year.