SKF India Board Recommends 60% Dividend

SKF India board at its meeting held on Feb. 20, 2008, has recommended a dividend of 60% on the paid-up capital.

SKF India (SKF) was incorporated in 1961 as a subsidiary of AB SKF, (Q, N,C,F)* Sweden, the world leader in bearings which holds 54% stake. The company manufactures and markets its primary products like ball and roller bearings, textile machinery components and manufactured components. Automobile, electrical and textile industries are its major customers.

Shares of the company closed down Rs 8.20, or 2.25% at Rs 356.90. The total volume of shares traded was 4,513 at the BSE.

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