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Timken India conducted conference call on 31 May 2022 to discuss the financial results and performance of the company for the quarter ended Mar'22. Mr. Sanjay Koul - Chairman & Managing Director and Mr. Avishrant Keshava - WholeTime Director & CFO of the company addressed the call
Highlights of the Concall
- Volumes were up 40% in FY22 compared to FY21
- Current capacity utilization is around 70-75%. The company can go to the maximum 80-85% of capacity utilization considering plant care and maintenance. However with some modernization and improvement in technology volumes are improve in small quantities.
- Export revenue was Rs 670 crore, up by 80% in FY22
- The railways plans to add and done tender for 90000 wagons for next three years meaning 720000 bearings.
- Alloy prices have been continuously moving up since 2020 but has calmed down a little bit because of export duty.
- The company has been able to pas...
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