JMT Auto MoU with Timken India

JMT Auto Ltd has informed that the Company and M/s. TIMKEN INDIA MANUFACTURING PVT LTD has signed and entered into a new Memorandum of Understanding (MOU) on certain terms and conditions on February 21, 2008 for expansion of their existing project at DHARWAD, KARNATAKA specially set up for M/s. TIMKEN INDIA MANUFACTURING PVT LTD and also for investing of backward integration.