SKF India mulls new plant at Uttarakhand, posts 209% jump in Q4 PAT

New Delhi, Feb 21 (UNI) SKF India Ltd is considering to set up a new plant in Uttarakhand to manufacture bearings.

The company's board has asked the management to submit a detailed project report for evaluation and further decision on the matter.

Meanwhile, the company today posted a whopping 209.5 increase in its net profit for the fourth quarter ended December 31, 2006, at Rs 31.73 crore as against Rs 10.25 crore during the corresponding period last year.

Its total income also rose 48.8 per cent to Rs 381.66 crore in the said period in comparison to Rs 256.47 crore during the same period last year.

Similarly, the company's net profit for the year ended December 31, 2006, rose 59 per cent at Rs 101.96 crore in comparison to Rs 64.07 crore for the year ended December 31, 2005.

The Board of Directors recommended a dividend of 45 per cent on the paid-up capital.

UNI