Mandar Vasmatkar

Company Secretary & Chief-Compliance mandar.vasmatkar@timken.com

16 November, 2022

The National Stock Exchange of India Limited

Exchange Plaza, Plot No. C/1,NSE Symbol - TIMKEN

G-Block, Bandra- Kurla Complex,

Bandra (E),

Mumbai- 400 051.

BSE Limited

Phiroze Jeejeebhoy Towers,Scrip Code- 522113

Dalal Street, Fort,

Mumbai- 400 001.

Dear Sir/Madam,

Sub: New Manufacturing Facility

Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to announce that new manufacturing facility will be set up at Bharuch, Gujarat to manufacture Spherical Roller Bearings ('SRB') and Cylindrical Roller Bearings ('CRB') and components thereof.

The Company already has manufacturing plant at Bharuch, Gujarat wherein primarily Tapered Roller Bearings ('TRB') and its components are manufactured. At the same premises wherein existing plant is situated, new facility will be set up to manufacture SRB and CRB and components thereof which will enhance manufacturing capacity of the Company. Relevant details in this regard are provided below:

Existing capacity

The Company has manufacturing plants at

Jamshedpur and Bharuch wherein primarily

TRB and its components are manufactured.

The Company at present does not manufacture

SRB and CRB.

Registered office: Timken India Limited

39-42, Electronic City, Phase II, Hosur Road, Bangalore 560 100.

Tel: +91(80) 41362000, Fax: +91(80) 41362010, Website: www.timken.com/en-in/

CIN:L29130KA1996PLC048230

Existing capacity utilization

Present capacities for TRB are full utilized.

New Product

SRB and CRB

Expected Commercial Production start date

January, 2025

Investment

Approx. Rs 600 crores

Mode of financing

Internal accruals

Rationale

The Company at present does not manufacture

SRB and CRB in India. SRB and CRB are

mainly imported from Timken group

companies across world and sold in India. The

Company believes that SRB and CRB overall

have good market in India and outside India.

Target Market

Domestic as well as International market

including US and Europe.

You are kindly requested to take note of the above.

Thanking you,

Yours faithfully,

For TIMKEN INDIA LIMITED

Mandar Vasmatkar

Company Secretary

& Chief - Compliance

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Timken India Limited published this content on 16 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 12:58:01 UTC.