Business Daily from THE HINDU group of publications Friday, Nov 14, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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New Business
Our Bureau New Delhi, Nov. 13 SKF India Ltd on Thursday announced that it has entered into a long-term relationship with wind power firm Suzlon Energy for supplying bearings for the latter’s wind turbines. The agreement covers an initial period of five years with a total contract value of €303 million. The equipment will be initially supplied from SKF’s ‘Large Size’ bearing facility in India, which is expected to start its commercial supplies from October 2009. Till then, supplies will be made from SKF overseas manufacturing facilities. “The order is for supplying ‘mainshaft’ bearings and ‘slewing’ bearings for over a period of five and half years,” Mr Rakesh Makhija, Managing Director of SKF India, said at a news conference. More Stories on : New Business | Bearings | tings & Forgings | Suzlon Energy Ltd
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