SKF India (Industrial) Limited has announced that its Board of Directors has approved the setting up of a new manufacturing plant in Pune, Maharashtra, as part of the company’s long-term expansion and modernization strategy.
The decision was taken at the Board meeting held on February 3, 2026, and has been disclosed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the SEBI Master Circular dated November 11, 2024.
According to the company, the proposed project will be implemented over a period of four years, from 2026 to 2030, with an estimated project cost of ₹6,535 million. The investment will be funded entirely through internal accruals, with no external borrowing.
SKF India stated that the new facility is envisioned as a “Factory of the Future,” aimed at creating a lean, clean, and digital manufacturing ecosystem. The plant is expected to deliver higher efficiency compared to the company’s existing Pune facility and will host 12 existing production channels while adding eight new ones.
The company also highlighted that the project is expected to unlock significant cost and productivity benefits, driven by improved operational efficiency and lower value-added costs. The new unit is part of SKF India’s broader strategy to strengthen its manufacturing capabilities and support long-term growth in the industrial segment.