NRB Bearings gains as its Board approves Rs 200 crore capacity expansion to support major European OEM Programs
NRB Bearings is currently trading at Rs. 229.00, up by 2.80 points or 1.24% from its previous closing of Rs. 226.20 on the BSE.
The scrip opened at Rs. 227.55 and has touched a high and low of Rs. 230.85 and Rs. 226.00 respectively. So far 2628 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 370.50 on 27-Jun-2024 and a 52 week low of Rs. 191.45 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 248.50 and Rs. 220.25 respectively. The current market cap of the company is Rs. 2219.53 crore.
The promoters holding in the company stood at 51.20%, while Institutions and Non-Institutions held 28.21% and 20.60% respectively.
NRB Bearings’ Board of Directors has approved significant capacity expansion plan to support its growing pipeline of lifetime nominated business, amounting to Rs 600 crore, from leading European Tier 1 customers. This expansion is aimed at supporting BMW, Stellantis and Renault across their next-generation vehicle platforms, including EVs, Hybrids, and ICE models. The company has been nominated by Magna, and other major European customer, for advanced hybrid, electric, and ICE programs for BMW, Stellantis, and Renault. These nominations span all models under the OEMs’ next-generation common platforms. The company’s cutting-edge bearing solutions have been co-developed in collaboration with the OEMs to meet the advanced technical requirements of these future-ready platforms.
To support this growing demand, the company will invest approximately Rs 200 crore over the next two years in expanding and upgrading its manufacturing capabilities and R&D. The capex will be directed toward enhancing capacities for Cylindrical Roller Bearings, Needle Roller Bearings, Thrust and Combination Bearings and Taper Roller Bearings. The investment will also cover upgrades in heat treatment capabilities, infrastructure development, and downstream integration to improve efficiency and scalability. Additionally, the company continues to deepen its presence in the EV and hybrid vehicle segment.
The company has secured additional lifetime business worth Rs 12 crore for the next-generation E-Drive platforms of premium all-electric vehicles from BMW, Stellantis, Renault, and Mercedes-Benz. This is incremental to its already nominated business of Rs 400 crore for these platforms, with supply commitments extending through 2030. This strategic expansion complements the company’s strong presence across current-generation models and reinforces its position as a key supplier of high-precision bearing solutions for leading European automotive manufacturers.
NRB Bearings (NRB) offers a wide range of high-precision friction solutions for all mobility applications. The company is leader in the production of needle bearings and cylindrical roller bearings. it also manufactures ball bearings, taper roller bearings and all types of thrust bearings.
