NRB BEARING Share price

NRB Bearings Limited was set up as a joint venture withNadella France the oldest needle bearing manufacturer inthe world for the manufacture of needle rollers needlecages needle bushes and needle roller bearings. Thecompany was incorporated in Bombay on 30th June 1965 underthe name of Needle Roller Bearing Company Private Limited.The Company later became a deemed public limited companyunder Section 43A(1) of the Companies Act w.e.f.27.01.1966 and converted into full fledged public companyvide Special Resolution passed on 10th December 1994.Starting with a few sizes of needle rollers it expandedits capacity to eventually manufacture a wide range ofneedle rollers needle cages needle bushes and needlebearings. To keep pace with the expanding range andquantity new plants were set up at Aurangabad Maharashtrain 1980 and Waluj Maharashtra in 1991. Together with theThane plant they form the Needle Bearing Division (NBD) ofthe company. In 1982 NRB Bearings expanded its product range and set upthe General Bearing Division (GBD) at Jalna Maharashtrafor the manufacture of cylindrical roller bearings. Soonthernafter it diversified further and commenced themanufacture of spherical roller bearings and ball bearingsat Jalna. NRB has progressively expanded its capacity atJalna to manufacture annually 1.0 million cylindricalroller bearings 0.5 million spherical roller bearings 0.4million needle roller bearings 3.0 million ball bearingsand 0.62 million taper roller bearings. The Hyderabad unitcame into existence in April 1991 when Sahney Steel andPress Works Ltd (SSPW) was merged with the Company. Atpresent it produces stampings needle cages hub-pin kitsand connecting rod kits.In view of the diversified range and types of bearingsbeing manufactured the name of the company was changed toNRB Bearings Limited at the Extraordinary General meetingheld on 1/2/1990. The change in name has been approved bythe Registrar of Companies Maharashira vide its"Certificate of Change of Name'' dated 17/4/1990. NRB has the widest range of bearings produced in thecountry and it caters to a diversified set of industrtalusers. Bearings are high precision industrial componentswith high corrosion resistance properties. They areutilised for both radial as well as axial thrusts.Extensive use of bearings are made in the automobile andengineering industries. All machines utilise bearings formoving parts to carry load and reduce friction.NRB pioneered the production of needle rollers bearings inIndia. Its customers in the automobile sector includeTELCO Maruti Udyog Ltd Mahindra & Mahindra Baja AutoLtd LML Hero Honda Kinetic Engineering and MICO SonaSteering and Lucas TVS in the auto ancillary sector. Itsproducts also find applications with HMT Ltd LakshmiMachine Works Kelvinalor Siemens and ABB and in sectorslike railways heavy engineering and earth movingequipment. NRB exports its products to over 15 countriesworldwide like Australia Taiwan Singapore Germany andItaly. NRB''s quality and brand name are well respected.NRB''s indigenous manufacturing capabilities arecomplemented by its Agency Division which allows theCompany to offer a wider range of products to itscustomers. It was initiated in 1980 to market bearingsmachine tool equipment/accessories seals etc. for variousindustrial usages/applications including machine toolselectrical automotive power generation heavy engineeringand material handling equipment. This agency acts as a keymarketing intermediary for a number of foreign principalsfrom UK France Germany and Switzerland such as RHPGamet Nadella Rollix Rohm IBC Schneeberger. Kugler SAand Forsheda.