SKF India Limited has officially launched its new brand, SKF Vertevo, aimed at reflecting the company’s personality and customer expectations. Alongside this branding initiative, the Board of Directors approved proposed capacity expansion plans involving the addition of new channels at various locations, including the Haridwar and Pune plants, requiring investments totaling over 600 MINR and expected to commence from late 2026 into 2027.
New Brand ‘SKF Vertevo’ Launched
SKF India Limited has officially launched its new brand, SKF Vertevo, on November 3, 2026. This brand is positioned as the face of the company, embodying its personality, values, and customer promises. The launch signifies a strategic move to enhance its market presence and customer engagement worldwide.
Capacity Expansion Approved
The Board of Directors of SKF India Limited, during their meeting on November 3, 2026, also approved significant capacity expansion plans. These expansions are designed to enhance manufacturing capabilities to support customer demand and reduce trading volumes.
Haridwar Plant – DGBB Channel Expansion
- Existing Capacity: 4 Channels (Production lines)
- Capacity Utilization: Approx 90%
- Proposed Addition: 2 Channels (Production lines)
- Timeline: Production to begin from December 2026 to March 2027
- Investment Required: INR 247 MINR and INR 379 MINR
- Financing: Internal accruals
- Rationale: Enhancement of manufacturing capacity to support customer demand and reduce trading volumes.
Pune Plant – TRB Channel Expansion
- Existing Capacity: 6 Channels (Production lines)
- Capacity Utilization: Approx 85%
- Proposed Addition: 1 Channel (with Machine Addition) and 1 Production line channel
- Timeline: Production to begin from March 2027 to July 2027
- Investment Required: INR 347 MINR and INR 431 MINR
- Financing: Internal accruals
- Rationale: Enhancement of manufacturing capacity to support customer demand and reduce trading volumes.
Financial Results Disclosure
The Board also approved the Unaudited Financial Results (Standalone and Consolidated) for the second quarter and half year ended September 30, 2026, along with the Limited Review Report from the Statutory Auditors, M/s. Deloitte Haskins & Sells LLP. The auditors have issued an unmodified opinion on these results. Statements of Assets and Liabilities and Cash Flows for the same period were also approved.
Source: BSE
