Timken India Limited — JV/Acquisition, 22-09-2025: Acquisition

Timken India is acquiring a 26.1% stake in Sunstreamgreen Energy C&I Three Private Limited for Rs 0.70 Cr. This strategic move enables Timken to purchase solar power under a Group Captive Scheme, securing a renewable energy supply for its operations. The investment in the newly incorporated renewable energy firm aligns with Timken's goals for sustainable energy sourcing and potentially helps manage power costs by ensuring a captive power status.