SKF India surges on plan to expand Ahmedabad unit’s manufacturing capacity

16 Dec 2011

SKF India is currently trading at Rs 564.95, up by 6.75 points or 1.21% from its previous closing of Rs 558.20 on the BSE.

The scrip opened at Rs 566.00 and has touched a high and low of Rs 566.00 and Rs 564.95 respectively.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 695.00 on 27-Sep-2011 and a 52 week low of Rs 492.00 on 18-Jan-2011.

Last one week high and low of the scrip stood at Rs 584.90 and Rs 539.05 respectively. The current market cap of the company is Rs 2943.53 crore.

The promoters holding in the company stood at 53.58% while Institutions and Non-Institutions held 31.30% and 15.12% respectively. 

Bearings maker SKF India is likely to expand its Ahmedabad unit’s manufacturing capacity. The company is planning to expand the capacity of medium and large size bearings for industrial use. Ahmedabad’s unit will cater to sectors like renewable energy, construction and railways, among others.

The company also has two fully operational manufacturing plants in Pune and Bangalore. Apart from the large plant in Ahmedabad, the company has a facility in Haridwar for making ball bearings used in automotive applications.

On December 14, 2011 the company inaugurated a global technical centre at Bangalore. The centre plans to have 400 engineers by 2015 and an investment of Rs 50 crore is envisaged to make it a technology hub. 

SKF India makes and sells products such as ball bearings, seals and lubrication systems to the automotive and power generation industries. The company has two fully operational manufacturing plants in Pune and Bangalore. Apart from the large plant in Ahmedabad, the company has a facility in Haridwar for making ball bearings used in automotive applications.

Related SKF India Ltd. Links:

SKF India Share Price

2129.20 0.00 (0.00%) Dec 11, 18:01
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