Joint Venture with Unitec (Mondial Group) - NRB Bearings Ltd

Code BSE: 530367 NSE:

NRB and Unitec Group will jointly establish the JV Company in Uppal, Hyderabad, in a state-of-the-art LEED certified plant to manufacture Cylindrical Roller Bearings (CRBs) for the industrial segment, with a scope to supply specific mobility applications, as may be mutually agreed. Unitec Group will provide technical, operational, and engineering expertise. As part of the arrangement, the Unitec Group has also committed to a buyback of 20% of the JV Company’s annual production, ensuring assured offtake and sustained capacity utilization. The partnership with Unitec marks a significant step in this journey, strengthening NRB’s technological depth and accelerating its growth in precision industrial cylindrical roller bearings.